CoStar Group, Inc. $CSGP Shares Acquired by Akre Capital Management LLC

Akre Capital Management LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,617,805 shares of the technology company’s stock after buying an additional 311,320 shares during the period. CoStar Group comprises approximately 7.1% of Akre Capital Management LLC’s portfolio, making the stock its 6th biggest position. Akre Capital Management LLC’s holdings in CoStar Group were worth $646,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CSGP. Integrated Wealth Concepts LLC boosted its position in shares of CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after buying an additional 426 shares during the period. NewEdge Advisors LLC raised its holdings in shares of CoStar Group by 727.5% during the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after acquiring an additional 666 shares in the last quarter. Finally, Woodline Partners LP raised its holdings in shares of CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by company insiders.

CoStar Group Price Performance

NASDAQ CSGP opened at $32.84 on Friday. CoStar Group, Inc. has a fifty-two week low of $31.35 and a fifty-two week high of $97.43. The stock’s 50-day moving average is $35.33 and its two-hundred day moving average is $49.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $13.41 billion, a P/E ratio of 547.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last posted its 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. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. 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. On average, analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSGP shares. Wells Fargo & Company cut their price objective on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a report on Thursday, April 30th. Finally, The Goldman Sachs Group cut their price objective on CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.33.

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.