Swiss National Bank Reduces Stock Holdings in CoStar Group, Inc. $CSGP

Swiss National Bank lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,216,165 shares of the technology company’s stock after selling 60,600 shares during the quarter. Swiss National Bank’s holdings in CoStar Group were worth $102,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after buying an additional 426 shares during the period. NewEdge Advisors LLC grew its holdings 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 worth $117,000 after purchasing an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp increased 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 acquiring an additional 11,370 shares during the period. Empowered Funds LLC increased its holdings in CoStar Group by 9.2% during the 1st 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 increased its stake 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 buying an additional 10,984 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSGP. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a report on Thursday, January 8th. BNP Paribas Exane started coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered their target price on CoStar Group from $84.00 to $73.00 and set a “buy” rating on the stock in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $73.35.

Insiders Place Their Bets

In related news, Director Louise S. Sams acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were acquired 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. This trade represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 4.3%

Shares of CSGP opened at $46.33 on Wednesday. The firm has a market cap 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, Inc. has a 12 month low of $43.16 and a 12 month high of $97.43. The stock’s 50 day moving average is $55.67 and its two-hundred day moving average is $68.64. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share 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 business 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 company posted $0.26 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has authorized a share 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 repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.