SEB Asset Management AB bought a new position in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 83,393 shares of the technology company’s stock, valued at approximately $3,364,000.
Several other hedge funds also recently made changes to their positions in CSGP. United Capital Financial Advisors LLC raised its holdings in CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after buying an additional 167 shares during the last quarter. Man Group plc grew its holdings in CoStar Group by 1.7% in the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after acquiring an additional 177 shares during the last quarter. Norinchukin Bank The grew its holdings in CoStar Group by 0.5% in the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 184 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of CoStar Group by 0.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock valued at $1,446,000 after acquiring an additional 186 shares during the period. Finally, Allworth Financial LP increased its position in shares of CoStar Group by 6.5% in the third quarter. Allworth Financial LP now owns 3,745 shares of the technology company’s stock valued at $316,000 after acquiring an additional 228 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.
CoStar Group Stock Down 2.8%
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Stephens dropped their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research report on Thursday, April 30th. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.50.
Get Our Latest Stock Report on CSGP
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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