Praxis Investment Management Inc. Acquires Shares of 18,734 CoStar Group, Inc. $CSGP

Praxis Investment Management Inc. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,734 shares of the technology company’s stock, valued at approximately $756,000.

A number of other institutional investors also recently made changes to their positions in CSGP. Bamco Inc. NY raised its holdings in CoStar Group by 1.3% in the fourth 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 in the last quarter. State Street Corp lifted its holdings in CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after acquiring an additional 348,224 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after purchasing an additional 4,691,543 shares during the last quarter. Capital International Investors grew its position in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares during the last quarter. Finally, Akre Capital Management LLC increased its stake in shares of CoStar Group by 3.3% in the fourth quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company’s stock valued at $646,701,000 after purchasing an additional 311,320 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on CSGP shares. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Needham & Company LLC decreased their target price on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp lowered their price objective on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Robert W. Baird dropped their target price on CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is owned by corporate insiders.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $30.00 on Friday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 500.08, a PEG ratio of 0.77 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $32.63 and a 200 day simple moving average of $45.23. CoStar Group, Inc. has a one year low of $28.18 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s quarterly 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. Sell-side analysts expect that CoStar Group, Inc. will post 1.03 EPS 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.