CoStar Group, Inc. $CSGP Position Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 41.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,400,680 shares of the technology company’s stock after selling 1,712,322 shares during the period. Bank of New York Mellon Corp’s holdings in CoStar Group were worth $96,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSGP. Reflection Asset Management bought a new stake in CoStar Group during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of CoStar Group during the 4th quarter valued at $29,000. DV Equities LLC acquired a new stake in shares of CoStar Group in the fourth quarter valued at $40,000. IFP Advisors Inc boosted its stake in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of CoStar Group from $50.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a report on Thursday, April 30th. Stephens decreased their price target on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Finally, Citigroup decreased their target price on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

CoStar Group Stock Down 0.3%

CSGP stock opened at $29.68 on Tuesday. The company has a 50 day moving average of $31.35 and a two-hundred day moving average of $42.23. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 494.75, a PEG ratio of 0.77 and a beta of 0.74. CoStar Group, Inc. has a 12-month low of $26.68 and a 12-month high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

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

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.