Narwhal Capital Management Reduces Position in CoStar Group, Inc. $CSGP

Narwhal Capital Management decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 65.6% during the 4th quarter, Holdings Channel reports. The firm owned 11,383 shares of the technology company’s stock after selling 21,730 shares during the period. Narwhal Capital Management’s holdings in CoStar Group were worth $765,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. ING Groep NV raised its stake 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 valued at $10,804,000 after acquiring an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CoStar Group by 14.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock worth $14,459,000 after purchasing an additional 21,225 shares during the period. UMB Bank n.a. grew its stake in shares of CoStar Group by 51.6% in the third quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock worth $19,009,000 after purchasing an additional 76,720 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of CoStar Group by 4.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock worth $45,929,000 after purchasing an additional 28,279 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in CoStar Group by 682.3% during the 3rd quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock valued at $46,532,000 after purchasing an additional 481,024 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stephens lowered their price target on CoStar Group from $70.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Keefe, Bruyette & Woods reduced their target price on CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Citizens Jmp decreased their target price on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a report on Wednesday, February 25th. Finally, BNP Paribas Exane began coverage on shares of CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.47.

CoStar Group Stock Down 0.8%

Shares of NASDAQ:CSGP opened at $35.95 on Wednesday. CoStar Group, Inc. has a 52-week low of $34.75 and a 52-week high of $97.43. The firm has a market capitalization of $15.09 billion, a P/E ratio of 3,598.90, a P/E/G ratio of 0.94 and a beta of 0.92. The stock has a 50 day moving average price of $42.37 and a 200-day moving average price of $57.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $897.69 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.96 EPS for the current fiscal year.

CoStar Group announced that its Board of Directors has authorized a share buyback program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams bought 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost 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 $986,979.24. This represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.09% of the company’s stock.

Key Stories Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Company raised 2026 adjusted EBITDA outlook to $780M–$820M and said it expects the residential (Homes.com) segment to be profitable in Q2 2026 — a clear signal of improving margin trajectory if execution holds. Costar raises 2026 adjusted EBITDA outlook
• Positive Sentiment: Q1 outperformed on profitability: adjusted EPS $0.23 vs. $0.18 consensus, adjusted EBITDA roughly doubled (reported c.$132M) and GAAP swung to a small net profit — revenue grew 23% to $897M. These results validate growth alongside improving non‑GAAP margins. CoStar Group (CSGP) Surpasses Q1 Earnings Estimates
• Positive Sentiment: Company raised FY26 EPS guidance to $1.32–$1.39 (above consensus ~$1.24) and set Q2 revenue/EPS ranges (Q2 revenue $922M–$932M; EPS $0.27–$0.30), which gives investors clearer forward expectations. CoStar FY26 guidance & press release
• Neutral Sentiment: Management emphasized using the corporate website as a primary investor communication channel — useful for transparency but unlikely to move the stock materially. CoStar Highlights Website as Key Investor Information Channel
• Negative Sentiment: Investors remain wary of Homes.com spending vs. profitability — pre‑earnings positioning and skepticism about near‑term margins likely amplified selling despite the beat and guidance raise. That theme appears to be driving volatility. QuiverQuant: Homes.com spending vs. profitability
• Negative Sentiment: Broader concerns that AI developments could disrupt parts of CoStar’s data/marketplace franchise — coverage highlighted “rising AI fears” that may be weighing on sentiment and valuation debates. Rising AI Fears Hurt CoStar

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.