CoStar Group, Inc. $CSGP Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 436,009 shares of the technology company’s stock after selling 11,640 shares during the period. Geneva Capital Management LLC owned about 0.10% of CoStar Group worth $36,786,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CSGP. Norges Bank purchased a new position in shares of CoStar Group in the second quarter worth approximately $426,783,000. Viking Global Investors LP purchased a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $258,773,000. Franklin Resources Inc. lifted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,208,958 shares during the period. Finally, Third Point LLC grew its position in CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after purchasing an additional 1,110,000 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $48.36 per share, with a total value of $48,360.00. Following the purchase, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CSGP shares. BTIG Research set a $60.00 target price on shares of CoStar Group and gave the company a “buy” rating in a research note on Thursday, February 26th. Keefe, Bruyette & Woods lowered their price target on CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research report on Thursday, January 8th. 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 research report on Wednesday, February 25th. Finally, Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.35.

CoStar Group Trading Down 4.3%

NASDAQ:CSGP opened at $46.33 on Wednesday. The company has a market capitalization of $19.45 billion, a P/E ratio of 4,637.64, a P/E/G ratio of 1.30 and a beta of 0.89. The stock’s 50 day moving average price is $55.67 and its 200 day moving average price is $68.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. CoStar Group, Inc. has a 52 week low of $43.16 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The company’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

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.