CoStar Group, Inc. $CSGP Position Cut by Ironvine Capital Partners LLC

Ironvine Capital Partners LLC trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,224 shares of the technology company’s stock after selling 59,110 shares during the quarter. CoStar Group comprises 2.5% of Ironvine Capital Partners LLC’s portfolio, making the stock its 16th largest holding. Ironvine Capital Partners LLC’s holdings in CoStar Group were worth $24,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after buying an additional 1,208,958 shares in the last quarter. State Street Corp grew its holdings in CoStar Group by 3.1% in the 3rd quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock worth $1,542,632,000 after buying an additional 551,160 shares in the last quarter. Baillie Gifford & Co. grew its holdings in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors grew its holdings in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after buying an additional 4,053,456 shares in the last quarter. Finally, Norges Bank bought a new position in CoStar Group in the 4th quarter worth approximately $476,765,000. 96.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price objective 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. Robert W. Baird decreased their price target on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. The Goldman Sachs Group decreased their price target on CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and set a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company decreased their price target on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.09% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $32.84 on Friday. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. The stock has a fifty day moving average of $35.33 and a 200-day moving average of $49.22. The company has a market capitalization of $13.41 billion, a PE ratio of 547.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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 return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The company’s quarterly 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, equities analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal 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.