CoStar Group, Inc. $CSGP Holdings Lowered by Ion Asset Management Ltd.

Ion Asset Management Ltd. reduced its position in CoStar Group, Inc. (NASDAQ:CSGP) by 54.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,000 shares of the technology company’s stock after selling 635,833 shares during the period. CoStar Group comprises 4.9% of Ion Asset Management Ltd.’s investment portfolio, making the stock its 5th biggest position. Ion Asset Management Ltd. owned approximately 0.13% of CoStar Group worth $45,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of CoStar Group in the second quarter valued at $426,783,000. Viking Global Investors LP purchased a new stake in shares of CoStar Group in the 2nd quarter worth about $258,773,000. Franklin Resources Inc. grew its stake in CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock valued at $276,568,000 after acquiring an additional 1,419,732 shares during the last quarter. Vanguard Group Inc. increased its holdings in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after acquiring an additional 1,208,958 shares in the last quarter. Finally, Third Point LLC raised its position in CoStar Group by 56.2% during the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after acquiring an additional 1,110,000 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction on Friday, March 6th. The stock was bought at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director directly owned 20,409 shares of the company’s stock, valued at $986,979.24. This represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 0.6%

CSGP stock opened at $43.63 on Monday. The company has a 50 day moving average price of $54.31 and a two-hundred day moving average price of $67.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a PEG ratio of 1.17 and a beta of 0.90. CoStar Group, Inc. has a one year low of $42.94 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The business’s revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its board has initiated a share repurchase plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. Jefferies Financial Group raised shares of 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. BTIG Research set a $60.00 target price on CoStar Group and gave the company a “buy” rating in a research note on Thursday, February 26th. BNP Paribas Exane began coverage on CoStar Group in a report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price on the stock. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Finally, Citizens Jmp cut their price target on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $73.35.

CoStar Group 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.