Pictet Asset Management Holding SA Increases Stock Position in CoStar Group, Inc. $CSGP

Pictet Asset Management Holding SA grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,372,159 shares of the technology company’s stock after purchasing an additional 316,651 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CoStar Group were worth $55,359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Douglas Lane & Associates LLC increased its stake in CoStar Group by 4.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after purchasing an additional 28,279 shares during the period. Barclays PLC boosted its stake in shares of CoStar Group by 83.4% during the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after buying an additional 1,055,584 shares during the period. American Century Companies Inc. grew its holdings in shares of CoStar Group by 682.3% during the third quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock worth $46,532,000 after buying an additional 481,024 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after acquiring an additional 122,776 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in CoStar Group by 22.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock valued at $14,127,000 after acquiring an additional 38,715 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of recent research reports. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a report on Thursday, April 30th. Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Finally, Citizens Jmp dropped 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 note on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, five have given 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 an average target price of $54.50.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction that occurred 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 acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by company insiders.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $29.32 on Tuesday. CoStar Group, Inc. has a 52 week low of $28.54 and a 52 week high of $97.43. The company has a 50-day moving average price of $33.43 and a 200 day moving average price of $46.15. The company has a market cap of $11.97 billion, a P/E ratio of 488.75, a PEG ratio of 0.78 and a beta of 0.72. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($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. Research analysts predict that CoStar Group, Inc. will post 1.03 earnings per share for the current 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.