CoStar Group, Inc. $CSGP Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 40.6% in the 4th quarter, Holdings Channel reports. The fund owned 164,960 shares of the technology company’s stock after buying an additional 47,665 shares during the period. Jennison Associates LLC’s holdings in CoStar Group were worth $11,092,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after purchasing an additional 426 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of CoStar Group by 727.5% during the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after buying an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after buying an additional 11,370 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after buying an additional 666 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent analyst reports. Citizens Jmp cut their price target on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their target price on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Stephens cut their target price on CoStar Group from $70.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, Bank of America set a $74.00 target price on CoStar Group in a research note on Wednesday, January 7th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Insider Buying and Selling

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

Key Stories Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: BTIG reaffirmed a Buy rating, supporting investor confidence in CoStar’s strategic growth (research support). BTIG Research Reiterates Buy Rating for CoStar Group (NASDAQ:CSGP)
• Positive Sentiment: Bares Capital flagged CoStar as a bullish idea, signalling activist/institutional interest that can underpin the stock. CoStar Group Inc. (CSGP): Bares Capital Is Bullish on This Stock
• Positive Sentiment: CoStar’s Q1 results showed record revenue growth, an EPS beat and management set Q2/FY26 guidance — fundamentals that support a recovery thesis. CoStar Group Inc (CSGP) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: CoStar’s data business reported modest improvement in U.K. hotel RevPAR, indicating pockets of end‑market strength but limited immediate revenue impact. CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory
• Neutral Sentiment: Analysts and press published Q1 deep dives noting residential momentum, Homes.com gains and AI initiatives — positive structural themes but with near‑term execution risks. CSGP Q1 deep dive
• Negative Sentiment: Wells Fargo cut its price target to $33 and moved to an underweight, a clear negative that increases selling pressure. CoStar Group (NASDAQ:CSGP) Price Target Lowered to $33.00 at Wells Fargo & Company
• Negative Sentiment: Several firms trimmed targets — Needham to $50 and Citizens Jmp to $44 — adding to consensus downward revisions. Needham & Company LLC Lowers CoStar Group (NASDAQ:CSGP) Price Target to $50.00 Citizens Jmp Lowers CoStar Group (NASDAQ:CSGP) Price Target to $44.00
• Negative Sentiment: Goldman lowered its target to $54 (while keeping a Buy), signaling reduced upside expectations and contributing to mixed analyst tone. CoStar Group (NASDAQ:CSGP) Price Target Lowered to $54.00 at The Goldman Sachs Group

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $34.72 on Friday. CoStar Group, Inc. has a 12 month low of $33.31 and a 12 month high of $97.43. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 578.76, a PEG ratio of 0.91 and a beta of 0.75. The stock’s 50 day moving average price is $41.78 and its 200 day moving average price is $56.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm’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. Equities research analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

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

About CoStar Group

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.