Needham Investment Management LLC Has $4.07 Million Position in CoStar Group, Inc. $CSGP

Needham Investment Management LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1,761.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,500 shares of the technology company’s stock after purchasing an additional 57,250 shares during the period. Needham Investment Management LLC’s holdings in CoStar Group were worth $4,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its holdings in CoStar Group by 5,664.9% during the 4th quarter. Squarepoint Ops LLC now owns 795,563 shares of the technology company’s stock worth $53,494,000 after purchasing an additional 781,763 shares during the last quarter. USS Investment Management Ltd lifted its holdings in CoStar Group by 1.3% during the 4th quarter. USS Investment Management Ltd now owns 74,622 shares of the technology company’s stock worth $5,017,000 after purchasing an additional 952 shares during the last quarter. MML Investors Services LLC lifted its holdings in CoStar Group by 0.4% during the 4th quarter. MML Investors Services LLC now owns 92,277 shares of the technology company’s stock worth $6,205,000 after purchasing an additional 325 shares during the last quarter. LRT Capital Management LLC acquired a new stake in CoStar Group during the 4th quarter worth approximately $420,000. Finally, Entropy Technologies LP acquired a new stake in CoStar Group during the 4th quarter worth approximately $882,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

CoStar Group Price Performance

CoStar Group stock opened at $32.04 on Tuesday. The stock’s fifty day moving average price is $35.17 and its two-hundred day moving average price is $48.83. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. 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 market cap of $13.08 billion, a PE ratio of 534.09, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same quarter last year, the company earned ($0.04) EPS. 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. As a group, research analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CSGP shares. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Royal Bank Of Canada dropped their price target on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, February 20th. Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued 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 an average target price of $55.33.

About CoStar Group

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.