Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 68.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 130,770 shares of the technology company’s stock after buying an additional 53,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CoStar Group were worth $5,275,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in CoStar Group during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group in the 4th quarter worth $29,000. DV Equities LLC purchased a new stake in shares of CoStar Group in the fourth quarter valued at about $40,000. IFP Advisors Inc increased its stake in CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of 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 acquiring an additional 513 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CSGP. Citigroup dropped their target price on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Citizens Jmp decreased their price objective on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.
Insider Buying and Selling at CoStar Group
In other news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.18% of the company’s stock.
CoStar Group Price Performance
NASDAQ:CSGP opened at $30.00 on Monday. The firm has a 50-day simple moving average of $32.63 and a two-hundred day simple moving average of $45.10. CoStar Group, Inc. has a fifty-two week low of $28.18 and a fifty-two week high of $97.43. The firm has a market cap of $12.25 billion, a P/E ratio of 500.08, a P/E/G ratio of 0.77 and a beta of 0.74. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($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. Analysts predict that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.
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.
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