Praxis Investment Management Inc. Buys New Shares in CoStar Group, Inc. $CSGP

Praxis Investment Management Inc. acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the first quarter, HoldingsChannel.com reports. The firm acquired 18,734 shares of the technology company’s stock, valued at approximately $756,000.

Several other institutional investors have also recently made changes to their positions in CSGP. Norges Bank bought a new stake in shares of CoStar Group during the 4th quarter worth approximately $476,765,000. Baillie Gifford & Co. grew its stake in shares of CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors raised its position in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares in the last quarter. Viking Global Investors LP bought a new stake in CoStar Group during the second quarter worth $258,773,000. Finally, Goldman Sachs Group Inc. lifted its stake in CoStar Group by 70.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after acquiring an additional 1,556,100 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSGP. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday, April 30th. Stephens cut their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Benchmark started coverage on CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

CoStar Group Price Performance

NASDAQ:CSGP opened at $30.00 on Friday. The company has a market cap of $12.25 billion, a P/E ratio of 500.08, a P/E/G ratio of 0.77 and a beta of 0.74. The firm’s fifty day moving average price is $32.63 and its two-hundred day moving average price is $45.23. CoStar Group, Inc. has a one year low of $28.18 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. CoStar Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) EPS. 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. Equities analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is currently owned by corporate insiders.

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.