Short Interest in CoStar Group, Inc. (NASDAQ:CSGP) Expands By 35.2%

CoStar Group, Inc. (NASDAQ:CSGP) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 26,150,995 shares, an increase of 35.2% from the February 12th total of 19,341,189 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily volume of 6,981,756 shares, the short-interest ratio is currently 3.7 days. Based on an average daily volume of 6,981,756 shares, the short-interest ratio is currently 3.7 days. Approximately 6.3% of the shares of the company are short sold.

CoStar Group Stock Up 0.6%

Shares of NASDAQ:CSGP opened at $43.63 on Friday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market cap of $18.32 billion, a P/E ratio of 4,367.37, a P/E/G ratio of 1.17 and a beta of 0.89. CoStar Group has a 12 month low of $42.94 and a 12 month high of $97.43. The company’s 50-day moving average price is $54.31 and its two-hundred day moving average price is $67.82.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The company had revenue of $900.00 million during the quarter, compared to the consensus estimate of $892.22 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, research analysts forecast that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CSGP shares. Bank of America set a $74.00 price objective on shares of CoStar Group in a research note on Wednesday, January 7th. Royal Bank Of Canada reduced their target price on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. BNP Paribas Exane began coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.35.

Insider Activity at CoStar Group

In other news, Director Louise S. Sams bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several large investors have recently made changes to their positions in CSGP. Hsbc Holdings PLC boosted its stake in shares of CoStar Group by 34.2% in the 4th quarter. Hsbc Holdings PLC now owns 987,270 shares of the technology company’s stock valued at $66,392,000 after purchasing an additional 251,750 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $10,144,000. Reflection Asset Management bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $27,000. SG Trading Solutions LLC bought a new position in CoStar Group in the fourth quarter valued at approximately $218,000. Finally, Pacer Advisors Inc. boosted its stake in CoStar Group by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 64,330 shares of the technology company’s stock valued at $4,326,000 after acquiring an additional 1,029 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.