First Citizens Bank & Trust Co. Acquires 86,100 Shares of CoStar Group, Inc. $CSGP

First Citizens Bank & Trust Co. increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 33.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 343,504 shares of the technology company’s stock after purchasing an additional 86,100 shares during the period. First Citizens Bank & Trust Co.’s holdings in CoStar Group were worth $13,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSGP. First Trust Advisors LP increased its holdings in shares of CoStar Group by 19.3% in the 1st quarter. First Trust Advisors LP now owns 839,044 shares of the technology company’s stock worth $33,847,000 after buying an additional 135,686 shares during the last quarter. IVY Lane Capital Management LLC bought a new position in CoStar Group in the first quarter valued at $2,380,000. PNC Financial Services Group Inc. increased its stake in CoStar Group by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 84,690 shares of the technology company’s stock valued at $3,416,000 after acquiring an additional 8,437 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in CoStar Group during the first quarter valued at about $93,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of CoStar Group during the 1st quarter valued at about $313,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSGP. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Stephens reduced their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $50.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

CoStar Group Stock Performance

Shares of CSGP stock opened at $28.50 on Wednesday. The company has a market capitalization of $11.64 billion, a P/E ratio of 475.08, a PEG ratio of 0.76 and a beta of 0.74. CoStar Group, Inc. has a fifty-two week low of $26.68 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a 50 day moving average price of $31.26 and a two-hundred day moving average price of $41.96.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter last year, the business earned ($0.04) earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. 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. Analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance purchased 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.18% of the stock is owned by insiders.

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.