Oppenheimer Asset Management Inc. Has $16.14 Million Position in CoStar Group, Inc. $CSGP

Oppenheimer Asset Management Inc. lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,995 shares of the technology company’s stock after selling 34,750 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CoStar Group were worth $16,137,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Enhancing Capital LLC boosted its stake in shares of CoStar Group by 2.2% during the 3rd quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock valued at $593,000 after buying an additional 150 shares during the period. Rossby Financial LCC boosted its stake in shares of CoStar Group by 47.5% during the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 162 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of CoStar Group by 4.8% during the 3rd quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company’s stock valued at $306,000 after buying an additional 166 shares during the period. Zions Bancorporation National Association UT boosted its stake in shares of CoStar Group by 41.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after buying an additional 166 shares during the period. Finally, United Capital Financial Advisors LLC boosted its stake in shares of CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of a number of analyst reports. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Keefe, Bruyette & Woods reduced their price objective on shares of CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Stephens reduced their price objective on shares of CoStar Group from $70.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, BNP Paribas Exane assumed coverage on shares of CoStar Group in a research note on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.59.

CoStar Group Stock Up 1.4%

CoStar Group stock opened at $34.61 on Friday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 576.93, a P/E/G ratio of 0.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.84. CoStar Group, Inc. has a fifty-two week low of $33.31 and a fifty-two week high of $97.43. The firm has a fifty day moving average price of $41.78 and a two-hundred day moving average price of $57.04.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. 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, analysts forecast that CoStar Group, Inc. will post 0.96 earnings per share for the current year.

CoStar Group declared that its board has authorized a share buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Louise S. Sams bought 1,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the transaction, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.09% of the stock is currently owned by corporate insiders.

Key Stories Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q1 beat and guidance support: CoStar reported Q1 EPS of $0.23 vs. $0.18 est., revenue of $897M (up ~22.5% YoY) and said adjusted EBITDA is being raised to $780M–$820M for 2026 — signaling margin progress and stronger cash?flow trajectory. Earnings Beat
• Positive Sentiment: Residential & AI tailwinds: Management highlighted residential marketplace momentum (Homes.com) and AI integration as drivers of engagement and monetization that underpin medium?term growth and the push toward residential segment profitability. Deep Dive
• Positive Sentiment: Marketplace data trends steady: CoStar’s own data releases show U.S. office vacancy steady (~14%) and Apartments.com reports modest rent growth (+0.2% in April), which supports continued demand for listing/ads products. Office Vacancy
• Neutral Sentiment: Analyst buy reaffirmations remain: Some firms (e.g., BTIG) kept “buy” ratings and mid?$50 targets, indicating a portion of sell?side still expects meaningful upside if execution continues. Analyst Notes
• Negative Sentiment: Broad target cuts and at least one bearish call: Several firms trimmed targets this week — Goldman to $54 (still “buy”), JPMorgan to $70 (overweight), Citizens Jmp to $44, Keefe to $50, Needham to $50 — and Wells Fargo cut to $33 and moved to “underweight.” The cluster of cuts reflects renewed caution on near?term multiples and execution risk; these notes are pressuring the stock despite the operational beat. JPMorgan Cut

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.