Glenmede Trust Co. NA Purchases 129,997 Shares of CoStar Group, Inc. $CSGP

Glenmede Trust Co. NA boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 168.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 207,031 shares of the technology company’s stock after purchasing an additional 129,997 shares during the quarter. Glenmede Trust Co. NA’s holdings in CoStar Group were worth $8,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in shares of CoStar Group in the first quarter valued at about $1,089,000. Liontrust Investment Partners LLP grew its position in shares of CoStar Group by 23.8% during the first quarter. Liontrust Investment Partners LLP now owns 35,058 shares of the technology company’s stock worth $1,414,000 after purchasing an additional 6,734 shares in the last quarter. Bank of America Corp DE grew its position in shares of CoStar Group by 1.8% during the first quarter. Bank of America Corp DE now owns 3,568,107 shares of the technology company’s stock worth $143,937,000 after purchasing an additional 63,295 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of CoStar Group by 370.9% during the first quarter. Edgestream Partners L.P. now owns 74,431 shares of the technology company’s stock worth $3,003,000 after purchasing an additional 58,626 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in CoStar Group by 3.4% during the 1st quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock valued at $311,586,000 after purchasing an additional 250,772 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Up 4.4%

Shares of CSGP stock opened at $30.03 on Tuesday. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $97.43. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $30.47 and its 200-day moving average price is $39.78. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 158.06, a price-to-earnings-growth ratio of 0.76 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Equities research analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $40.00 price objective on shares of CoStar Group in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Citizens Jmp dropped their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.61.

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.