CoStar Group, Inc. (NASDAQ:CSGP) Sees Large Increase in Short Interest

CoStar Group, Inc. (NASDAQ:CSGP) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 26,150,995 shares, a growth of 35.2% from the February 12th total of 19,341,189 shares. Based on an average daily trading volume, of 6,981,756 shares, the short-interest ratio is currently 3.7 days. Approximately 6.3% of the company’s stock are short sold. Approximately 6.3% of the company’s stock are short sold. Based on an average daily trading volume, of 6,981,756 shares, the short-interest ratio is currently 3.7 days.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSGP shares. Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. BNP Paribas Exane initiated coverage on CoStar Group in a report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price on the stock. Bank of America set a $74.00 price target on CoStar Group in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.35.

Insiders Place Their Bets

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Quent Capital LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $26,000. Reflection Asset Management acquired a new stake in CoStar Group during the fourth quarter worth $27,000. Manning & Napier Advisors LLC acquired a new stake in CoStar Group during the third quarter worth $28,000. Lloyd Advisory Services LLC. bought a new stake in CoStar Group in the 4th quarter valued at $29,000. Finally, Westside Investment Management Inc. raised its stake in shares of CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

NASDAQ:CSGP traded up $0.11 during midday trading on Monday, reaching $43.74. The stock had a trading volume of 1,089,356 shares, compared to its average volume of 6,987,145. CoStar Group has a 1-year low of $42.94 and a 1-year high of $97.43. The firm’s fifty day simple moving average is $54.31 and its 200-day simple moving average is $67.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The stock has a market capitalization of $18.36 billion, a P/E ratio of 4,381.48, a PEG ratio of 1.17 and a beta of 0.90.

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

CoStar Group declared that its Board of Directors has approved a share buyback plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

CoStar Group Company 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.