CIBC Asset Management Inc Increases Stock Position in CoStar Group, Inc. $CSGP

CIBC Asset Management Inc increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 30.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 199,891 shares of the technology company’s stock after buying an additional 46,182 shares during the period. CIBC Asset Management Inc’s holdings in CoStar Group were worth $13,441,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in CoStar Group by 70.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after purchasing an additional 1,556,100 shares during the last quarter. Westpac Banking Corp lifted its position in shares of CoStar Group by 44.8% during the fourth quarter. Westpac Banking Corp now owns 2,306 shares of the technology company’s stock valued at $155,000 after buying an additional 713 shares during the last quarter. Cercano Management LLC purchased a new stake in shares of CoStar Group during the fourth quarter valued at about $245,000. New Mexico Educational Retirement Board boosted its holdings in shares of CoStar Group by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 19,600 shares of the technology company’s stock valued at $1,318,000 after buying an additional 500 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of CoStar Group by 1.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 155,881 shares of the technology company’s stock worth $10,481,000 after buying an additional 2,781 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Up 0.8%

CSGP stock opened at $33.66 on Friday. CoStar Group, Inc. has a 52-week low of $31.35 and a 52-week high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a market cap of $13.75 billion, a P/E ratio of 561.09, a PEG ratio of 0.86 and a beta of 0.72. The company’s 50-day simple moving average is $36.17 and its 200-day simple moving average is $50.49.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.CoStar Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. 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 forecast that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CSGP. JPMorgan Chase & Co. reduced their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their price target on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Needham & Company LLC dropped their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citizens Jmp dropped their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird reduced their price target on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.09% of the stock is owned by company insiders.

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.