Legal & General Group Plc Buys 195,200 Shares of CoStar Group, Inc. $CSGP

Legal & General Group Plc grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 7.8% during the third quarter, Holdings Channel.com reports. The fund owned 2,699,757 shares of the technology company’s stock after purchasing an additional 195,200 shares during the quarter. Legal & General Group Plc’s holdings in CoStar Group were worth $227,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of CoStar Group during the third quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new stake in CoStar Group in the 3rd quarter worth about $28,000. Westside Investment Management Inc. grew its position 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 in the 3rd quarter valued at about $31,000. Finally, SJS Investment Consulting Inc. increased its stake in CoStar Group by 3,046.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after buying an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSGP. 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 note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research report on Thursday, January 8th. Citizens Jmp cut their price objective on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 25th. Wells Fargo & Company reduced their price objective on CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.35.

Insider Activity at CoStar Group

In other news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents 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 the SEC website. 1.09% of the stock is owned by corporate insiders.

CoStar Group Trading Down 4.5%

Shares of CSGP stock opened at $43.31 on Friday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market cap of $18.18 billion, a P/E ratio of 4,335.74, a PEG ratio of 1.21 and a beta of 0.89. The company has a 50 day moving average of $54.75 and a 200-day moving average of $68.30. CoStar Group, Inc. has a 12-month low of $43.16 and a 12-month high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $892.22 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. CoStar Group’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. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its board has approved a stock buyback plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are 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.