Fred Alger Management LLC Acquires 30,411 Shares of CoStar Group, Inc. $CSGP

Fred Alger Management LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 20.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,032 shares of the technology company’s stock after purchasing an additional 30,411 shares during the quarter. Fred Alger Management LLC’s holdings in CoStar Group were worth $14,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth $26,000. Manning & Napier Advisors LLC bought a new position in CoStar Group in the third quarter valued at about $28,000. Westside Investment Management Inc. raised its stake in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after acquiring an additional 180 shares in the last quarter. Root Financial Partners LLC acquired a new position in CoStar Group during the third quarter worth about $31,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of CoStar Group by 3,046.2% in the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock worth $35,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Activity

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

CoStar Group stock opened at $43.62 on Tuesday. The business has a 50 day moving average of $53.85 and a 200-day moving average of $67.34. The company has a market capitalization of $18.31 billion, a P/E ratio of 4,366.37, a P/E/G ratio of 1.17 and a beta of 0.90. CoStar Group, Inc. has a 1 year low of $42.94 and a 1 year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $899.90 million for the quarter, compared to the consensus estimate of $892.22 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has authorized a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on CSGP. BNP Paribas Exane began coverage on shares of CoStar Group in a research note on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target on the stock. BTIG Research set a $60.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 29th. Royal Bank Of Canada decreased 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. Finally, Robert W. Baird set a $73.00 price target on shares of CoStar Group in a report on Wednesday, February 25th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.35.

CoStar Group 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.