CoStar Group, Inc. $CSGP Shares Acquired by Allstate Corp

Allstate Corp increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 110.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,862 shares of the technology company’s stock after buying an additional 17,764 shares during the period. Allstate Corp’s holdings in CoStar Group were worth $2,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after acquiring an additional 1,208,958 shares during the period. State Street Corp grew its position in shares of CoStar Group by 3.1% during the 3rd quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock valued at $1,542,632,000 after acquiring an additional 551,160 shares during the period. Baillie Gifford & Co. grew its stake in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after acquiring an additional 4,691,543 shares during the period. Capital Research Global Investors grew its stake in CoStar Group by 27.0% in the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company’s stock valued at $421,330,000 after acquiring an additional 1,062,452 shares during the period. Finally, Invesco Ltd. grew its stake in CoStar Group by 2.2% in the 3rd quarter. Invesco Ltd. now owns 4,537,343 shares of the technology company’s stock valued at $382,816,000 after acquiring an additional 98,879 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of research analyst reports. Bank of America dropped their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Stephens lowered their price objective on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their price objective on CoStar Group from $40.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Finally, Citigroup lowered their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $55.94.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louise S. Sams bought 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director directly owned 20,409 shares of the company’s stock, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Trading Down 0.1%

CSGP opened at $32.30 on Friday. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. The stock has a market capitalization of $13.19 billion, a PE ratio of 538.42, a P/E/G ratio of 0.83 and a beta of 0.75. The business’s 50 day moving average price is $37.10 and its 200 day moving average price is $51.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last posted 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. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. CoStar Group’s revenue for the quarter 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. As a group, equities research analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current 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.