Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $6.28 Million Stock Holdings in CoStar Group, Inc. $CSGP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 58.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,726 shares of the technology company’s stock after acquiring an additional 57,142 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CoStar Group were worth $6,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CoStar Group during the 4th quarter valued at about $476,765,000. Baillie Gifford & Co. grew its position in shares of CoStar Group by 56.9% during the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after buying an additional 4,691,543 shares during the period. Capital International Investors raised its stake in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after buying an additional 4,053,456 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of CoStar Group during the second quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of CoStar Group by 70.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after buying an additional 1,556,100 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the company’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 owned 1,722,865 shares of the company’s stock, valued at $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 is available at this link. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC reduced their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods cut their price target on CoStar Group from $50.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Finally, BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of CoStar Group in a research note on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

CoStar Group Stock Down 3.8%

Shares of NASDAQ CSGP opened at $27.68 on Wednesday. CoStar Group, Inc. has a 52-week low of $26.68 and a 52-week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $11.30 billion, a P/E ratio of 461.41, a P/E/G ratio of 0.74 and a beta of 0.74. The firm has a 50 day moving average price of $31.68 and a 200 day moving average price of $43.29.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period last year, the firm posted ($0.04) earnings per share. The business’s quarterly 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. Analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current year.

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.