SG Americas Securities LLC Raises Position in CoStar Group, Inc. $CSGP

SG Americas Securities LLC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5,102.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 234,893 shares of the technology company’s stock after purchasing an additional 230,378 shares during the quarter. SG Americas Securities LLC’s holdings in CoStar Group were worth $15,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ING Groep NV boosted its holdings in shares of CoStar Group by 1,950.5% in the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after purchasing an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CoStar Group by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock worth $14,459,000 after buying an additional 21,225 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CoStar Group by 51.6% during the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock worth $19,009,000 after buying an additional 76,720 shares during the last quarter. American Century Companies Inc. raised its position in shares of CoStar Group by 682.3% in the 3rd quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock worth $46,532,000 after buying an additional 481,024 shares during the period. Finally, Swedbank AB raised its position in shares of CoStar Group by 21.0% in the 3rd quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock worth $25,510,000 after buying an additional 52,433 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSGP shares. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. BNP Paribas Exane began coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price for the company. Citizens Jmp cut their price target on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 25th. BTIG Research set a $60.00 price target on shares of CoStar Group and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.76.

Insiders Place Their Bets

In related news, Director Louise S. Sams bought 1,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Trading Down 3.7%

CSGP opened at $39.77 on Friday. The firm has a market capitalization of $16.70 billion, a P/E ratio of 3,980.98, a P/E/G ratio of 1.11 and a beta of 0.89. The firm’s 50 day moving average is $50.20 and its 200-day moving average is $64.73. CoStar Group, Inc. has a 52-week low of $39.18 and a 52-week high of $97.43. 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 (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are 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.