CoStar Group, Inc. $CSGP Stock Position Increased by Bamco Inc. NY

Bamco Inc. NY grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,498,099 shares of the technology company’s stock after purchasing an additional 242,533 shares during the period. CoStar Group comprises about 3.6% of Bamco Inc. NY’s portfolio, making the stock its 4th biggest position. Bamco Inc. NY’s holdings in CoStar Group were worth $1,311,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of CoStar Group during the fourth quarter worth approximately $476,765,000. Baillie Gifford & Co. increased its stake in shares of 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 during the period. Capital International Investors increased its stake in shares of 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 purchased a new stake in shares of CoStar Group during the second quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of CoStar Group by 70.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after buying an additional 1,556,100 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stephens cut their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. BTIG Research restated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Needham & Company LLC cut their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Robert W. Baird cut their target price on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Insider Buying and Selling

In related news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $30.46 on Thursday. The firm has a market capitalization of $12.44 billion, a P/E ratio of 507.75, a P/E/G ratio of 0.82 and a beta of 0.72. CoStar Group, Inc. has a 52 week low of $30.38 and a 52 week high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $34.79 and its two-hundred day moving average is $48.31.

CoStar Group (NASDAQ:CSGP) last announced 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. The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior 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. Research analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

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.