CoStar Group, Inc. $CSGP Stock Acquired by Redmond Asset Management LLC

Redmond Asset Management LLC grew its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 134.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 37,600 shares of the technology company’s stock after buying an additional 21,592 shares during the quarter. Redmond Asset Management LLC’s holdings in CoStar Group were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CSGP. Transamerica Financial Advisors LLC purchased a new stake in shares of CoStar Group during the 2nd quarter valued at $33,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of CoStar Group during the 2nd quarter worth $47,000. Root Financial Partners LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth $48,000. CYBER HORNET ETFs LLC grew its position in CoStar Group by 50.8% in the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock worth $50,000 after acquiring an additional 592 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in CoStar Group in the second quarter worth $59,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group News Roundup

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q3 results exceeded expectations. CoStar reported record revenue of approximately $952 million, up 14% year over year, while adjusted EPS of $0.38 surpassed the $0.34 consensus estimate. Adjusted EBITDA reached a record $229 million, roughly doubling from a year earlier, and operating cash flow improved substantially. CoStar Group Q3 Earnings Beat Estimates
• Positive Sentiment: Management raised its outlook. CoStar increased full-year 2026 adjusted EBITDA guidance to $820 million-$840 million and outlined a longer-term target of $1.25 billion in adjusted EBITDA for 2028, supporting the company’s margin-expansion story. CoStar Raises EBITDA Outlook
• Neutral Sentiment: Analyst views remain divided. JPMorgan maintained an overweight rating with a $44 target, while Needham maintained a buy rating with a $40 target. However, Goldman Sachs, BTIG, Baird and Keefe, Bruyette & Woods reduced their price targets; Wells Fargo kept an underweight rating despite raising its target to $26.
• Negative Sentiment: Investors reacted to weaker forward signals. Coverage highlighted concerns about guidance, residential-market profitability and high interest rates. Although revenue and adjusted earnings beat estimates, reported net income and diluted EPS were pressured by comparison with the prior year, increasing doubts about the pace and quality of earnings growth. CoStar Q3 Beats Revenue but Stock Drops on Weak Guidance
• Negative Sentiment: The Vexcel acquisition adds execution and capital-allocation risk. CoStar plans to purchase Vexcel for $730 million in cash to add high-resolution aerial imagery, a potentially valuable enhancement to its property-data platform but a sizable cash commitment that may raise near-term integration concerns. CoStar to Acquire Vexcel

CoStar Group Trading Down 14.0%

Shares of CSGP opened at $27.54 on Thursday. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 144.95, a PEG ratio of 0.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $72.50. The firm has a 50 day moving average price of $30.48 and a 200-day moving average price of $37.25.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $945.82 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts forecast that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew Florance purchased 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citizens Jmp reduced their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Monday, September 21st. The Goldman Sachs Group set a $36.00 price objective on CoStar Group in a report on Wednesday. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on CoStar Group from $52.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CoStar Group presently has a consensus rating of “Hold” and an average target price of $39.11.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.