CoStar Group, Inc. $CSGP Stock Position Raised by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 307.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,401 shares of the technology company’s stock after purchasing an additional 38,040 shares during the period. NorthCrest Asset Manangement LLC’s holdings in CoStar Group were worth $1,381,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Red Spruce Capital LLC boosted its stake in shares of CoStar Group by 101.0% in the 2nd quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock worth $2,165,000 after buying an additional 38,413 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of CoStar Group by 176.9% in the second quarter. Tidal Investments LLC now owns 68,552 shares of the technology company’s stock worth $1,941,000 after acquiring an additional 43,798 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of CoStar Group in the second quarter worth $7,516,000. Nykredit A S purchased a new stake in CoStar Group during the second quarter valued at $11,370,000. Finally, Bank of America Corp DE increased its position in 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 valued at $143,937,000 after acquiring an additional 63,295 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 0.4%

NASDAQ:CSGP opened at $30.11 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $79.08. The business has a fifty day moving average price of $30.23 and a 200-day moving average price of $32.09.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%. CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. 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. Sell-side analysts forecast that CoStar Group, Inc. will post 1.07 EPS for the current year.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. BTIG Research cut their price target on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $40.00 price objective on shares of CoStar Group in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.11.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes and distributes property and market data used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.

Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.