Riverbridge Partners LLC Has $49.51 Million Position in CoStar Group, Inc. $CSGP

Riverbridge Partners LLC cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 15.5% in the first quarter, Holdings Channel reports. The institutional investor owned 1,227,391 shares of the technology company’s stock after selling 225,155 shares during the period. CoStar Group comprises 1.2% of Riverbridge Partners LLC’s portfolio, making the stock its 26th biggest holding. Riverbridge Partners LLC’s holdings in CoStar Group were worth $49,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Reflection Asset Management acquired a new position in CoStar Group during the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group during the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new stake in shares of CoStar Group in the fourth quarter valued at approximately $40,000. IFP Advisors Inc raised its holdings in shares of CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after purchasing an additional 471 shares during the last quarter. Finally, Rossby Financial LCC lifted its position in shares of CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CSGP shares. JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research note on Thursday, April 30th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, BMO Capital Markets lowered their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

CoStar Group Stock Performance

Shares of CSGP stock opened at $30.26 on Wednesday. CoStar Group, Inc. has a 52 week low of $29.08 and a 52 week high of $97.43. The company has a 50-day simple moving average of $34.15 and a 200 day simple moving average of $47.23. 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 company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 504.42, a PEG ratio of 0.75 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data 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 business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, sell-side analysts predict that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Insider Activity

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

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.