Prana Capital Management LP Increases Holdings in CoStar Group, Inc. $CSGP

Prana Capital Management LP lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 69.2% in the third quarter, Holdings Channel reports. The fund owned 166,491 shares of the technology company’s stock after purchasing an additional 68,065 shares during the quarter. Prana Capital Management LP’s holdings in CoStar Group were worth $14,047,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSGP. Vanguard Group Inc. raised its position in CoStar Group by 1.8% during the third 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 period. Bamco Inc. NY boosted its holdings in shares of CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after purchasing an additional 647,413 shares during the period. State Street Corp boosted its holdings in shares of 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 purchasing an additional 551,160 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of CoStar Group by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock valued at $624,911,000 after purchasing an additional 821,111 shares during the last quarter. Finally, Norges Bank bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $426,783,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Up 1.4%

NASDAQ:CSGP opened at $44.25 on Wednesday. The company’s fifty day moving average price is $53.39 and its 200-day moving average price is $67.02. The firm has a market capitalization of $18.58 billion, a P/E ratio of 4,429.43, a PEG ratio of 1.17 and a beta of 0.89. CoStar Group, Inc. has a 1-year low of $42.94 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84.

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

CoStar Group declared that its Board of Directors 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 buy up to 5.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at CoStar Group

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSGP. BTIG Research set a $60.00 price target on CoStar Group and gave the stock a “buy” rating in a research report on Thursday, February 26th. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently 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.