Polen Capital Management LLC Decreases Stock Holdings in CoStar Group, Inc. $CSGP

Polen Capital Management LLC lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,890,936 shares of the technology company’s stock after selling 1,489,973 shares during the period. CoStar Group comprises 1.4% of Polen Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Polen Capital Management LLC’s holdings in CoStar Group were worth $328,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Enhancing Capital LLC increased its holdings in shares of CoStar Group by 2.2% in the 3rd quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock worth $593,000 after acquiring an additional 150 shares during the period. Rossby Financial LCC grew its position in CoStar Group by 47.5% in the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of CoStar Group by 41.8% during the third 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 last quarter. United Capital Financial Advisors LLC grew its holdings in CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after buying an additional 167 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in CoStar Group by 1.0% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 17,991 shares of the technology company’s stock valued at $1,518,000 after acquiring an additional 176 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSGP. Wells Fargo & Company reduced their price target on shares of CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Bank of America reduced their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird dropped their target price on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Needham & Company LLC cut their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, BTIG Research restated a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a research report on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew C. Florance purchased 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents 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. 1.09% of the stock is owned by corporate insiders.

CoStar Group Stock Down 4.6%

Shares of NASDAQ:CSGP opened at $32.65 on Friday. CoStar Group, Inc. has a 52 week low of $31.35 and a 52 week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $13.33 billion, a PE ratio of 544.26, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. The firm has a 50 day simple moving average of $35.46 and a 200 day simple moving average of $49.34.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter last year, the firm posted ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% compared to the same quarter last year. 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 earnings per share for the current year.

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.