CoStar Group (NASDAQ:CSGP) CEO Buys $2,514,336.00 in Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew Florance purchased 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased 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 directly owned 1,722,865 shares in the company, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CoStar Group Price Performance

CSGP stock opened at $34.07 on Thursday. The company has a market capitalization of $13.91 billion, a P/E ratio of 567.93, a PEG ratio of 0.90 and a beta of 0.75. CoStar Group, Inc. has a twelve month low of $33.31 and a twelve month high of $97.43. The business has a 50 day simple moving average of $41.20 and a 200-day simple moving average of $56.22. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced 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 business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the previous year, the company posted ($0.04) EPS. The company’s quarterly 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, equities analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on CSGP shares. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, February 20th. BNP Paribas Exane began coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 target price on the stock. Bank of America set a $74.00 price target on CoStar Group in a research note on Wednesday, January 7th. Wells Fargo & Company lowered their price objective on shares of CoStar Group from $40.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Finally, Needham & Company LLC dropped their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.12.

Hedge Funds Weigh In On CoStar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Integrated Wealth Concepts LLC lifted its holdings in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after buying an additional 426 shares during the period. NewEdge Advisors LLC raised its position in CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp raised its position in CoStar Group by 860.7% in the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC lifted its holdings in CoStar Group by 9.2% in the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after acquiring an additional 666 shares during the period. Finally, Woodline Partners LP lifted its holdings in CoStar Group by 44.6% in the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after acquiring an additional 10,984 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.