Prana Capital Management LP Increases Holdings in CoStar Group, Inc. $CSGP

Prana Capital Management LP grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 69.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,491 shares of the technology company’s stock after buying an additional 68,065 shares during the quarter. Prana Capital Management LP’s holdings in CoStar Group were worth $14,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at CoStar Group

In other CoStar Group news, Director Louise S. Sams bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, with a total value 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 1.4%

Shares of CSGP stock opened at $44.25 on Wednesday. The company’s fifty day simple moving average is $53.39 and its two-hundred day simple moving average is $67.02. CoStar Group, Inc. has a 52 week low of $42.94 and a 52 week high of $97.43. The stock has a market cap of $18.58 billion, a P/E ratio of 4,429.43, a PEG ratio of 1.17 and a beta of 0.89. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The business’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

CSGP has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday, January 8th. Finally, Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $73.35.

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.