Jupiter Asset Management Ltd. Buys 1,480,474 Shares of CoStar Group, Inc. $CSGP

Jupiter Asset Management Ltd. boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 386.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,863,704 shares of the technology company’s stock after purchasing an additional 1,480,474 shares during the quarter. CoStar Group comprises 1.0% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 19th biggest holding. Jupiter Asset Management Ltd.’s holdings in CoStar Group were worth $125,315,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. EagleClaw Capital Managment LLC raised its holdings in CoStar Group by 0.9% in the 4th quarter. EagleClaw Capital Managment LLC now owns 34,150 shares of the technology company’s stock valued at $2,296,000 after buying an additional 300 shares during the last quarter. Vulcan Value Partners LLC raised its stake in shares of CoStar Group by 17.1% during the fourth quarter. Vulcan Value Partners LLC now owns 4,485,021 shares of the technology company’s stock valued at $301,527,000 after acquiring an additional 653,412 shares during the last quarter. Employees Retirement System of Texas raised its stake in shares of CoStar Group by 52.8% during the fourth quarter. Employees Retirement System of Texas now owns 63,224 shares of the technology company’s stock valued at $4,251,000 after acquiring an additional 21,852 shares during the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of CoStar Group by 15.9% during the fourth quarter. Malaga Cove Capital LLC now owns 30,776 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 4,231 shares during the period. Finally, Allstate Corp grew its stake in shares of CoStar Group by 110.3% in the fourth quarter. Allstate Corp now owns 33,862 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 17,764 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, February 20th. Bank of America lowered their price objective on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. BTIG Research reissued a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Twelve 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 company. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

Insider Buying and Selling at CoStar Group

In other news, Director Louise S. Sams bought 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.09% of the company’s stock.

CoStar Group Trading Down 0.1%

NASDAQ CSGP opened at $32.30 on Friday. The stock has a market capitalization of $13.19 billion, a P/E ratio of 538.42, a P/E/G ratio of 0.83 and a beta of 0.75. The business has a 50 day simple moving average of $37.10 and a 200 day simple moving average of $51.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. 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 expect that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

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.