Bamco Inc. NY Cuts Stock Holdings in CoStar Group, Inc. $CSGP

Bamco Inc. NY lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,255,566 shares of the technology company’s stock after selling 424,369 shares during the period. CoStar Group comprises approximately 4.3% of Bamco Inc. NY’s holdings, making the stock its 3rd largest holding. Bamco Inc. NY owned about 4.54% of CoStar Group worth $1,624,592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC purchased a new stake in CoStar Group in the 3rd quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new position in shares of CoStar Group during the third quarter valued at approximately $28,000. Westside Investment Management Inc. increased its stake in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Root Financial Partners LLC bought a new position in shares of CoStar Group during the third quarter valued at approximately $31,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of CoStar Group by 3,046.2% during the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

CSGP opened at $43.63 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 4,367.37, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89. The stock has a fifty day simple moving average of $54.31 and a two-hundred day simple moving average of $67.82. CoStar Group, Inc. has a 12-month low of $42.94 and a 12-month high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $900.00 million for the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has approved a share repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on CSGP. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a report on Thursday, January 8th. Wells Fargo & Company dropped their target price on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Needham & Company LLC reduced their price target on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.35.

Insiders Place Their Bets

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.09% of the company’s stock.

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.