Katamaran Capital LLP purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,651 shares of the technology company’s stock, valued at approximately $2,464,000. CoStar Group accounts for approximately 1.9% of Katamaran Capital LLP’s portfolio, making the stock its 24th biggest holding.
A number of other hedge funds have also bought and sold shares of CSGP. Quent Capital LLC bought a new stake in CoStar Group during the third quarter worth $26,000. Manning & Napier Advisors LLC bought a new stake in CoStar Group during the third quarter worth $28,000. Westside Investment Management Inc. lifted its holdings in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after acquiring an additional 180 shares during the period. Root Financial Partners LLC bought a new stake in CoStar Group during the third quarter worth $31,000. Finally, Rossby Financial LCC lifted its holdings in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after acquiring an additional 162 shares during the period. 96.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on CSGP. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets dropped their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company dropped their price target 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, Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, February 20th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and an average target price of $58.12.
Insider Buying and Selling at CoStar Group
In other news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Louise S. Sams bought 1,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.09% of the company’s stock.
CoStar Group Stock Performance
Shares of CSGP opened at $32.77 on Monday. The firm has a market cap of $13.38 billion, a PE ratio of 546.26, a PEG ratio of 0.84 and a beta of 0.75. The stock’s fifty day moving average price is $40.92 and its two-hundred day moving average price is $55.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. CoStar Group, Inc. has a 1 year low of $32.71 and a 1 year high of $97.43.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted ($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. On average, equities research analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current 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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