American Century Companies Inc. Acquires 481,024 Shares of CoStar Group, Inc. $CSGP

American Century Companies Inc. increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 682.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 551,523 shares of the technology company’s stock after purchasing an additional 481,024 shares during the period. American Century Companies Inc.’s holdings in CoStar Group were worth $46,532,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CSGP. Quent Capital LLC acquired a new stake in CoStar Group in the 3rd quarter valued at $26,000. Manning & Napier Advisors LLC bought a new position in shares of CoStar Group during the third quarter valued at $28,000. Westside Investment Management Inc. lifted its holdings in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after acquiring an additional 180 shares during the period. Root Financial Partners LLC acquired a new stake in shares of CoStar Group in the 3rd quarter valued at $31,000. Finally, NewSquare Capital LLC grew its holdings in shares of CoStar Group by 35.6% in the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after purchasing an additional 108 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CSGP shares. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a report on Thursday, January 8th. BMO Capital Markets dropped their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Bank of America set a $74.00 price objective on CoStar Group in a research report on Wednesday, January 7th. Wells Fargo & Company decreased their target price on CoStar Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Finally, BNP Paribas Exane initiated coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.35.

CoStar Group Price Performance

CSGP opened at $48.91 on Friday. The company has a fifty day moving average price of $56.85 and a two-hundred day moving average price of $69.78. The firm has a market capitalization of $20.53 billion, a PE ratio of 4,895.90, a P/E/G ratio of 1.29 and a beta of 0.89. CoStar Group, Inc. has a 52 week low of $43.16 and a 52 week high of $97.43. 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 data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. During the same quarter last year, the firm earned $0.26 EPS. CoStar Group’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its board has authorized a share repurchase plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

CoStar Group Company 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.