CoStar Group, Inc. $CSGP Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 60.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 320,000 shares of the technology company’s stock after acquiring an additional 120,000 shares during the quarter. Erste Asset Management GmbH’s holdings in CoStar Group were worth $21,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ING Groep NV increased its holdings in shares of CoStar Group by 1,950.5% during the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock worth $10,804,000 after buying an additional 121,807 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of CoStar Group by 4.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock worth $45,929,000 after buying an additional 28,279 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of CoStar Group by 682.3% during the 3rd quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock worth $46,532,000 after buying an additional 481,024 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of CoStar Group by 72.6% during the 3rd quarter. NEOS Investment Management LLC now owns 215,694 shares of the technology company’s stock worth $18,198,000 after buying an additional 90,758 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $15,629,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Down 1.5%

Shares of NASDAQ CSGP opened at $33.39 on Tuesday. CoStar Group, Inc. has a twelve month low of $31.35 and a twelve month high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $35.87 and a 200-day simple moving average of $50.03. The stock has a market capitalization of $13.64 billion, a PE ratio of 556.59, a PEG ratio of 0.87 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. 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. On average, equities analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Bank of America decreased their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Keefe, Bruyette & Woods lowered their price target on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Benchmark initiated coverage on CoStar Group in a research note on Thursday. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.

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.