Clearbridge Investments LLC Reduces Holdings in CoStar Group, Inc. $CSGP

Clearbridge Investments LLC decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 382,138 shares of the technology company’s stock after selling 16,975 shares during the period. Clearbridge Investments LLC’s holdings in CoStar Group were worth $25,695,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in CoStar Group in the fourth quarter valued at approximately $29,000. IFP Advisors Inc lifted its holdings in 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 acquiring an additional 471 shares during the period. Rossby Financial LCC lifted its holdings in CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after acquiring an additional 162 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after buying an additional 513 shares during the period. Finally, Zions Bancorporation National Association UT raised its stake in shares of CoStar Group by 41.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 1.6%

Shares of CSGP opened at $33.93 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. CoStar Group, Inc. has a one year low of $31.35 and a one year high of $97.43. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 565.59, a PEG ratio of 0.86 and a beta of 0.72. The stock has a 50 day moving average price of $35.75 and a 200 day moving average price of $49.80.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million during 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 period in the prior year, the business 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. Equities research analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CSGP. BMO Capital Markets reduced their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Friday, March 27th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Bank of America reduced their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Stephens reduced their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.09% of the stock is currently owned by insiders.

CoStar Group 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.