Ashford Capital Management Inc. Has $16.67 Million Holdings in CoStar Group, Inc. $CSGP

Ashford Capital Management Inc. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.7% in the 4th quarter, HoldingsChannel reports. The fund owned 247,959 shares of the technology company’s stock after selling 32,779 shares during the quarter. CoStar Group makes up 1.9% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Ashford Capital Management Inc.’s holdings in CoStar Group were worth $16,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CSGP. Norges Bank acquired a new stake in CoStar Group during the fourth quarter worth approximately $476,765,000. Baillie Gifford & Co. raised its position 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 shares of CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after buying an additional 4,053,456 shares in the last quarter. Viking Global Investors LP acquired a new stake in shares of CoStar Group in the second quarter valued at approximately $258,773,000. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 buying an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Friday, March 27th. Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Friday, February 20th. Citigroup dropped their price target on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Robert W. Baird dropped their price target on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Thirteen equities 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

CoStar Group Stock Down 0.2%

Shares of CSGP opened at $31.97 on Wednesday. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. The company has a market cap of $13.06 billion, a P/E ratio of 532.92, a P/E/G ratio of 0.82 and a beta of 0.72. 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 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $48.58.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. 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. Research analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew C. Florance purchased 71,430 shares of the stock in a transaction dated Friday, May 1st. The stock was 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 owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

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.