SVB Wealth LLC Has $3.88 Million Stake in CoStar Group, Inc. $CSGP

SVB Wealth LLC raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 44.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 96,060 shares of the technology company’s stock after buying an additional 29,650 shares during the quarter. SVB Wealth LLC’s holdings in CoStar Group were worth $3,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Reflection Asset Management bought a new position in CoStar Group in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the 4th quarter valued at $29,000. Rossby Financial LCC increased its stake in shares of CoStar Group by 47.5% in the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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 in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth $48,000. Institutional investors own 96.60% of the company’s stock.

Insider Activity

In related news, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.18% of the stock is owned by company insiders.

CoStar Group Stock Down 3.0%

NASDAQ:CSGP opened at $29.22 on Tuesday. CoStar Group, Inc. has a one year low of $29.08 and a one year high of $97.43. 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 company has a market cap of $11.93 billion, a PE ratio of 487.08, a P/E/G ratio of 0.77 and a beta of 0.72. The firm’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $47.50.

CoStar Group (NASDAQ:CSGP) last released its quarterly 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. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. 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, research analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on 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. Citigroup decreased their price target on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research note on Thursday, April 30th. Bank of America decreased their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, BTIG Research reiterated a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a research note on Wednesday, April 29th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.33.

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.