Weiss Asset Management LP Raises Stake in CoStar Group, Inc. $CSGP

Weiss Asset Management LP lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1,349.6% during the first quarter, HoldingsChannel.com reports. The firm owned 497,500 shares of the technology company’s stock after purchasing an additional 463,180 shares during the period. Weiss Asset Management LP’s holdings in CoStar Group were worth $20,069,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of CoStar Group in the fourth quarter valued at about $476,765,000. Baillie Gifford & Co. boosted its holdings in CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors grew its position in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after buying an additional 4,053,456 shares during the period. Viking Global Investors LP acquired a new position in CoStar Group during the second quarter worth about $258,773,000. Finally, Goldman Sachs Group Inc. increased its holdings 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 buying an additional 1,556,100 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP opened at $27.66 on Friday. CoStar Group, Inc. has a 12-month low of $26.68 and a 12-month high of $97.43. The stock has a market cap of $11.30 billion, a P/E ratio of 461.08, a PEG ratio of 0.71 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $30.98 and a two-hundred day moving average of $41.31.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating 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 business had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The company’s quarterly 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. As a group, research analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of research reports. Citigroup reduced their price target on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of CoStar Group in a report on Wednesday, April 29th. Benchmark started coverage on CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 target price on the stock. Finally, The Goldman Sachs Group set a $46.00 target price on CoStar Group and gave the stock a “buy” rating in a research report on Thursday, June 25th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.50.

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.