Tremblant Capital Group Buys 26,047 Shares of CoStar Group, Inc. $CSGP

Tremblant Capital Group increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 13.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 225,928 shares of the technology company’s stock after purchasing an additional 26,047 shares during the period. CoStar Group makes up 2.0% of Tremblant Capital Group’s holdings, making the stock its 23rd biggest holding. Tremblant Capital Group’s holdings in CoStar Group were worth $19,062,000 as of its most recent SEC filing.

A number of 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% during the third quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock worth $10,804,000 after purchasing an additional 121,807 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 valued at $14,459,000 after purchasing an additional 21,225 shares during the period. UMB Bank n.a. raised its position in CoStar Group by 51.6% during the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after purchasing an additional 76,720 shares during the last quarter. Swedbank AB lifted its holdings in 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. Finally, Generali Asset Management SPA SGR lifted its holdings in CoStar Group by 641.8% in the 3rd quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock worth $2,015,000 after buying an additional 20,661 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams bought 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, for a total transaction of $48,360.00. Following the acquisition, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 0.6%

Shares of NASDAQ:CSGP opened at $43.63 on Friday. The firm has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a P/E/G ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a 50 day moving average price of $54.31 and a 200-day moving average price of $67.97. CoStar Group, Inc. has a 52-week low of $42.94 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the company 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 fiscal year.

CoStar Group announced that its board has approved a stock repurchase program on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSGP. Royal Bank Of Canada cut their price objective on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. 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. BMO Capital Markets decreased their price objective on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Finally, Bank of America set a $74.00 target price on shares of CoStar Group in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.35.

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.