Brown Advisory Inc. Trims Stake in CoStar Group, Inc. $CSGP

Brown Advisory Inc. lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 22.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,906,345 shares of the technology company’s stock after selling 558,379 shares during the period. Brown Advisory Inc.’s holdings in CoStar Group were worth $128,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Enhancing Capital LLC lifted its stake in CoStar Group by 2.2% in the 3rd quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock valued at $593,000 after buying an additional 150 shares in the last quarter. Rossby Financial LCC lifted its stake in 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 buying an additional 162 shares in the last quarter. Zions Bancorporation National Association UT lifted its stake in CoStar Group by 41.8% in the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after buying an additional 166 shares in the last quarter. United Capital Financial Advisors LLC lifted its stake in CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after buying an additional 167 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in CoStar Group by 1.0% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 17,991 shares of the technology company’s stock valued at $1,518,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 0.6%

Shares of CoStar Group stock opened at $32.84 on Friday. The company has a fifty day moving average price of $35.33 and a 200 day moving average price of $49.22. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $31.35 and a twelve month high of $97.43. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 547.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $896.73 million. During the same period in the prior year, the company earned ($0.04) EPS. The firm’s revenue 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. Equities research analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CSGP shares. Citigroup cut their price target on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Citizens Jmp dropped their price objective on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a report on Wednesday, April 29th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. The Goldman Sachs Group dropped their price objective on CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Thirteen 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 stock. According to MarketBeat.com, the company currently 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.