CoStar Group, Inc. $CSGP Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 8.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,736,949 shares of the technology company’s stock after purchasing an additional 297,045 shares during the quarter. Franklin Resources Inc.’s holdings in CoStar Group were worth $315,286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSGP. Integrated Wealth Concepts LLC lifted its position 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 valued at $379,000 after acquiring an additional 426 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 11,370 shares during the period. Empowered Funds LLC raised its position in shares of 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 purchasing an additional 666 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 10,984 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity

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

CoStar Group Stock Down 4.5%

NASDAQ:CSGP opened at $43.31 on Friday. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 4,335.74, a PEG ratio of 1.21 and a beta of 0.89. CoStar Group, Inc. has a 1-year low of $43.16 and a 1-year high of $97.43. 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 business’s fifty day moving average price is $54.75 and its 200 day moving average price is $68.30.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $900.00 million during the quarter, compared to the consensus estimate of $892.22 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has authorized a stock buyback plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Friday, February 20th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Needham & Company LLC reduced their price objective on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group dropped their target price on shares of CoStar Group from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.35.

About CoStar Group

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.