Truist Financial Corp Sells 24,490 Shares of CoStar Group, Inc. $CSGP

Truist Financial Corp decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 22.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 82,238 shares of the technology company’s stock after selling 24,490 shares during the quarter. Truist Financial Corp’s holdings in CoStar Group were worth $5,530,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in CoStar Group in the third quarter worth $26,000. Manning & Napier Advisors LLC bought a new position in CoStar Group in the third quarter worth $28,000. Westside Investment Management Inc. raised its holdings in CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Root Financial Partners LLC bought a new position in CoStar Group in the third quarter worth $31,000. Finally, Rossby Financial LCC raised its holdings in CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Louise S. Sams acquired 1,000 shares of the stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This represents a 5.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.09% of the stock is owned by insiders.

CoStar Group Trading Down 6.3%

Shares of NASDAQ:CSGP opened at $32.77 on Friday. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 546.26, a PEG ratio of 0.84 and a beta of 0.75. 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’s 50-day simple moving average is $40.92 and its two-hundred day simple moving average is $55.94. CoStar Group, Inc. has a 52-week low of $32.71 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced 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. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSGP. Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. BTIG Research restated a “buy” rating and set a $55.00 price target on shares of CoStar Group in a report on Wednesday, April 29th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Needham & Company LLC reduced their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus target price of $58.12.

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.