CoStar Group, Inc. $CSGP is Bamco Inc. NY’s 3rd Largest Position

Bamco Inc. NY trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,255,566 shares of the technology company’s stock after selling 424,369 shares during the quarter. CoStar Group comprises 4.3% of Bamco Inc. NY’s holdings, making the stock its 3rd biggest position. Bamco Inc. NY’s holdings in CoStar Group were worth $1,624,592,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of CoStar Group during the second quarter valued at $426,783,000. Viking Global Investors LP bought a new position in CoStar Group in the 2nd quarter worth about $258,773,000. Franklin Resources Inc. boosted 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 worth $276,568,000 after purchasing an additional 1,419,732 shares in the last quarter. Vanguard Group Inc. grew its position 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 purchasing an additional 1,208,958 shares during the last quarter. 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 valued at $248,034,000 after purchasing an additional 1,110,000 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CSGP shares. Needham & Company LLC decreased their target price on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Bank of America set a $74.00 price target on shares of CoStar Group in a report on Wednesday, January 7th. BNP Paribas Exane began coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, BTIG Research set a $60.00 price objective on CoStar Group and gave the company a “buy” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.35.

Insider Transactions at CoStar Group

In related news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Price Performance

CSGP opened at $43.63 on Friday. 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 P/E/G ratio of 1.17 and a beta of 0.89. The company’s 50-day simple moving average is $54.31 and its two-hundred day simple moving average is $67.82. CoStar Group, Inc. has a 52-week low of $42.94 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly 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. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm had revenue of $900.00 million for the quarter, compared to the consensus estimate of $892.22 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its board has authorized a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign 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.