Maridea Wealth Management LLC Invests $1.24 Million in CoStar Group, Inc. $CSGP

Maridea Wealth Management LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,722 shares of the technology company’s stock, valued at approximately $1,242,000.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of CoStar Group during the 2nd quarter worth about $426,783,000. Viking Global Investors LP bought a new position in shares of CoStar Group in the second quarter valued at approximately $258,773,000. Franklin Resources Inc. boosted its holdings in shares of CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock worth $276,568,000 after acquiring an additional 1,419,732 shares in the last quarter. Vanguard Group Inc. grew its position in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares during the last quarter. Finally, Third Point LLC increased its holdings in CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after purchasing an additional 1,110,000 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Up 1.7%

NASDAQ:CSGP opened at $45.74 on Wednesday. CoStar Group, Inc. has a 1 year low of $43.80 and a 1 year high of $97.43. The stock has a 50-day moving average price of $61.35 and a two-hundred day moving average price of $73.28. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 914.80, a PEG ratio of 1.18 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently issued reports on CSGP. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 price target on shares of CoStar Group in a research note on Wednesday, January 14th. Citizens Jmp lowered their price target on shares of CoStar Group from $100.00 to $78.00 and set a “market outperform” rating for the company in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday, January 8th. Finally, Needham & Company LLC dropped their target price on CoStar Group from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.13.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: CoStar launched a “transformative AI experience” on Homes.com — a product innovation that could boost user engagement, listings monetization and competitive positioning in consumer real‑estate search. CoStar Group Launches Transformative AI Experience on Homes.com, Redefining the Future of Home Shopping
• Positive Sentiment: Brokerage consensus remains constructive — CoStar was given an overall “Moderate Buy” consensus, which supports positive analyst sentiment and could help stabilize the stock if guidance or results are mixed. CoStar Group, Inc. (NASDAQ:CSGP) Given Consensus Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Wall Street analysts still maintain moderately optimistic target prices despite recent underperformance — indicates potential for upward revisions if growth/AI traction accelerates. What Are Wall Street Analysts’ Target Price for CoStar Group Stock?
• Neutral Sentiment: CoStar tweaked its severance plan amid activist pressure — governance changes bring uncertainty and potential for further activist engagement; outcome could be neutral or pivotally positive/negative depending on escalation. CoStar Tweaks Severance Plan As Activists Press For Governance Shifts
• Neutral Sentiment: Recent short‑interest reports show anomalous data (listed increases but 0 shares and NaN changes) — appears to be a data glitch and is unlikely to be a meaningful market driver unless confirmed by reliable short‑interest filings.
• Negative Sentiment: Zacks’ earnings preview says CoStar lacks the setup for a likely earnings beat next week — increases the risk of short‑term downside if results or guidance disappoint relative to high investor expectations. CoStar Group (CSGP) Reports Next Week: Wall Street Expects Earnings Growth

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.