Granahan Investment Management LLC Acquires 69,118 Shares of CoStar Group, Inc. $CSGP

Granahan Investment Management LLC lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 75.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 161,047 shares of the technology company’s stock after acquiring an additional 69,118 shares during the quarter. Granahan Investment Management LLC’s holdings in CoStar Group were worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CSGP. Bamco Inc. NY boosted its holdings in shares of CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock valued at $1,311,052,000 after acquiring an additional 242,533 shares during the last quarter. State Street Corp grew its position in CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after purchasing an additional 348,224 shares during the period. Principal Financial Group Inc. grew its position in CoStar Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after purchasing an additional 130,118 shares during the period. Baillie Gifford & Co. raised its stake in CoStar Group by 56.9% during 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. Finally, Capital International Investors lifted its holdings 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 valued at $729,020,000 after buying an additional 4,053,456 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $27.66 on Friday. The firm has a fifty day moving average price of $30.98 and a 200-day moving average price of $41.31. 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 has a market cap of $11.30 billion, a PE ratio of 461.08, a price-to-earnings-growth ratio of 0.70 and a beta of 0.74. CoStar Group, Inc. has a 1 year low of $26.68 and a 1 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, beating 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 firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period last year, the firm earned ($0.04) EPS. The company’s revenue was up 22.5% on a year-over-year basis. 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 analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSGP. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday. Stephens lowered their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

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.