Akre Capital Management LLC Buys 311,320 Shares of CoStar Group, Inc. $CSGP

Akre Capital Management LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,617,805 shares of the technology company's stock after purchasing an additional 311,320 shares during the quarter. CoStar Group comprises 7.1% of Akre Capital Management LLC's portfolio, making the stock its 6th largest position. Akre Capital Management LLC owned approximately 2.27% of CoStar Group worth $646,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in CoStar Group in the 4th quarter valued at approximately $476,765,000. Baillie Gifford & Co. increased its position in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock valued at $869,627,000 after acquiring an additional 4,691,543 shares during the period. Capital International Investors increased its position in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the period. Viking Global Investors LP acquired a new stake in CoStar Group in the 2nd quarter valued at approximately $258,773,000. Finally, Goldman Sachs Group Inc. increased its position in CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company's stock valued at $252,238,000 after acquiring an additional 1,556,100 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citizens Jmp lowered their target price on CoStar Group from $73.00 to $44.00 and set a "market outperform" rating on the stock in a research report on Wednesday, April 29th. William Blair restated an "outperform" rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Wells Fargo & Company lowered their target price on CoStar Group from $40.00 to $33.00 and set an "underweight" rating on the stock in a research report on Thursday, April 30th. Benchmark assumed coverage on CoStar Group in a research report on Thursday, June 4th. They issued a "buy" rating and a $45.00 target price on the stock. Finally, BMO Capital Markets lowered their target price on CoStar Group from $72.00 to $53.00 and set a "market perform" rating on the stock in a research report on Thursday, February 26th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.33.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $32.84 on Friday. The stock has a fifty day moving average price of $35.33 and a two-hundred day moving average price of $49.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $13.41 billion, a P/E ratio of 547.42, a PEG ratio of 0.84 and a beta of 0.72. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted ($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. Research analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew C. Florance acquired 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost 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. The trade was a 4.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Company 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.

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