CIBC Private Wealth Group LLC Sells 13,189 Shares of CoStar Group, Inc. $CSGP

CIBC Private Wealth Group LLC lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,823,106 shares of the technology company’s stock after selling 13,189 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in CoStar Group were worth $153,815,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after buying an additional 426 shares in the last quarter. NewEdge Advisors LLC grew its position 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 buying an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of CoStar Group by 860.7% during the 1st 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 in the last quarter. Empowered Funds LLC lifted its position in CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after acquiring an additional 666 shares during the last quarter. Finally, Woodline Partners LP lifted its position in 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 acquiring an additional 10,984 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $73.00 target price on shares of CoStar Group in a research note on Wednesday, February 25th. Bank of America set a $74.00 price target on CoStar Group in a research report on Wednesday, January 7th. The Goldman Sachs Group lowered their price objective on CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. BTIG Research set a $60.00 target price on CoStar Group and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Friday, February 20th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.35.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the company’s stock in a transaction dated 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 acquisition, the director directly owned 20,409 shares of the company’s stock, 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 SEC, which is accessible through this link. 1.09% of the stock is owned by company insiders.

CoStar Group Trading Up 1.4%

Shares of NASDAQ:CSGP opened at $44.25 on Wednesday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52-week low of $42.94 and a 52-week high of $97.43. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 4,429.43, a PEG ratio of 1.17 and a beta of 0.89. The business has a 50-day moving average price of $53.39 and a 200-day moving average price of $67.02.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 $899.90 million for the quarter, compared to analyst estimates of $892.22 million. During the same quarter in the prior year, the firm 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. Equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors 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.