PNC Financial Services Group Inc. Lowers Position in CoStar Group, Inc. $CSGP

PNC Financial Services Group Inc. reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 21.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 76,253 shares of the technology company’s stock after selling 20,720 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CoStar Group were worth $5,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ING Groep NV raised its position in CoStar Group by 1,950.5% in the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after buying an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in CoStar Group by 14.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock valued at $14,459,000 after buying an additional 21,225 shares during the last quarter. UMB Bank n.a. raised its position in CoStar Group by 51.6% in the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after buying an additional 76,720 shares during the last quarter. Douglas Lane & Associates LLC raised its position in CoStar Group by 4.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after buying an additional 28,279 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of CoStar Group by 682.3% during the 3rd quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock valued at $46,532,000 after purchasing an additional 481,024 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $33.95 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $13.86 billion, a PE ratio of 565.93, a P/E/G ratio of 0.87 and a beta of 0.75. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43. The stock has a fifty day moving average price of $37.79 and a 200-day moving average price of $52.48.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results 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 company had revenue of $897.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior 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. Equities research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSGP. Citizens Jmp decreased their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 29th. BTIG Research reaffirmed a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research report on Wednesday, April 29th. BMO Capital Markets decreased their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company decreased their target price on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada decreased their target price on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.94.

Insider Buying and Selling at CoStar Group

In other news, Director Louise S. Sams purchased 1,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew C. Florance purchased 71,430 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.09% of the stock is currently owned by corporate 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.