Paragon Capital Management Inc. Invests $741,000 in CoStar Group, Inc. $CSGP

Paragon Capital Management Inc. acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,360 shares of the technology company’s stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of CoStar Group by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after purchasing an additional 426 shares during the period. NewEdge Advisors LLC lifted its stake in shares of CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after buying an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of CoStar Group by 860.7% in the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after buying an additional 11,370 shares during the period. Empowered Funds LLC grew its position in CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after buying an additional 666 shares in the last quarter. Finally, Woodline Partners LP grew its position in CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after buying an additional 10,984 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew C. Florance purchased 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

CoStar Group Stock Down 3.0%

Shares of CSGP opened at $29.22 on Tuesday. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 487.08, a P/E/G ratio of 0.77 and a beta of 0.72. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12 month low of $29.08 and a 12 month high of $97.43. The company has a 50-day moving average price of $34.27 and a two-hundred day moving average price of $47.50.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same period in the prior year, the company posted ($0.04) EPS. The company’s revenue was up 22.5% compared to the same quarter last year. 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. Equities analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of several research reports. BMO Capital Markets lowered their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. lowered their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently 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.