Peregrine Capital Management LLC Trims Stock Holdings in CoStar Group, Inc. $CSGP

Peregrine Capital Management LLC lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 699,152 shares of the technology company’s stock after selling 49,721 shares during the quarter. CoStar Group comprises about 1.0% of Peregrine Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Peregrine Capital Management LLC’s holdings in CoStar Group were worth $28,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CSGP. Reflection Asset Management acquired a new stake in shares of CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $40,000. IFP Advisors Inc lifted its holdings in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after acquiring an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CSGP shares. Needham & Company LLC dropped their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. The Goldman Sachs Group set a $46.00 price target on CoStar Group and gave the stock a “buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Citigroup dropped their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Thirteen equities research 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, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

CoStar Group Trading Down 3.4%

Shares of CSGP stock opened at $28.32 on Wednesday. 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 has a market capitalization of $11.56 billion, a P/E ratio of 472.08, a price-to-earnings-growth ratio of 0.75 and a beta of 0.72. The company has a 50 day moving average price of $33.20 and a 200 day moving average price of $45.88. CoStar Group, Inc. has a fifty-two week low of $28.18 and a fifty-two 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 for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for 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 firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($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. Equities research analysts predict 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.