Louisbourg Investments Inc. Purchases 84,764 Shares of CoStar Group, Inc. $CSGP

Louisbourg Investments Inc. lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 93.8% during the 1st quarter, Holdings Channel reports. The firm owned 175,086 shares of the technology company’s stock after acquiring an additional 84,764 shares during the period. CoStar Group makes up 1.2% of Louisbourg Investments Inc.’s holdings, making the stock its 22nd biggest holding. Louisbourg Investments Inc.’s holdings in CoStar Group were worth $7,063,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of CoStar Group during the fourth quarter worth $476,765,000. Baillie Gifford & Co. increased its stake in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares during the last quarter. Capital International Investors raised its stake in shares of CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. Viking Global Investors LP acquired a new stake in CoStar Group in the 2nd quarter valued at about $258,773,000. Finally, Goldman Sachs Group Inc. lifted its holdings in CoStar Group by 70.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after purchasing an additional 1,556,100 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP opened at $30.25 on Friday. The firm has a market cap of $12.35 billion, a PE ratio of 504.25, a PEG ratio of 0.78 and a beta of 0.72. CoStar Group, Inc. has a 1 year low of $28.54 and a 1 year high of $97.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s fifty day moving average price is $33.64 and its two-hundred day moving average price is $46.56.

CoStar Group (NASDAQ:CSGP) last posted 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. 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 analysts’ expectations of $896.73 million. During the same period in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. 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. On average, equities research analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday. Benchmark assumed coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price for the company. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the company an “underweight” rating in a report on Wednesday. Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Thirteen equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance acquired 71,430 shares of CoStar Group 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 completion of the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by insiders.

CoStar Group Company 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.