CoStar Group, Inc. $CSGP Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 674,750 shares of the technology company’s stock after buying an additional 58,212 shares during the quarter. First Trust Advisors LP owned 0.16% of CoStar Group worth $56,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. Quent Capital LLC purchased a new stake in shares of CoStar Group during the third quarter worth about $26,000. Manning & Napier Advisors LLC purchased a new position in shares of CoStar Group in the 3rd quarter valued at approximately $28,000. Westside Investment Management Inc. boosted its stake in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Root Financial Partners LLC purchased a new stake in CoStar Group during the 3rd quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. grew its position in CoStar Group by 3,046.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock worth $35,000 after purchasing an additional 396 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CSGP shares. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Needham & Company LLC cut their target price on CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. BMO Capital Markets reduced their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company lowered their price target on CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $73.35.

Insider Buying and Selling

In related news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the acquisition, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.09% of the stock is currently owned by company insiders.

CoStar Group Stock Down 4.3%

NASDAQ:CSGP opened at $46.33 on Wednesday. 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 company’s fifty day moving average price is $55.67 and its 200-day moving average price is $68.64. CoStar Group, Inc. has a 1-year low of $43.16 and a 1-year high of $97.43. The firm has a market capitalization of $19.45 billion, a P/E ratio of 4,637.64, a PEG ratio of 1.30 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $900.00 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its board has approved a stock buyback program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.