CoStar Group, Inc. $CSGP is Spyglass Capital Management LLC's 9th Largest Position

Key Points

• Spyglass Capital Management LLC boosted its stake in CoStar Group by 24.8% in Q3 to 1,002,717 shares, making CSGP its 9th-largest holding (~4.5% of the firm's portfolio) valued at roughly $84.6 million and representing about 0.24% of CoStar.
• CoStar topped quarterly EPS estimates ($0.31 vs. $0.27) on $900 million of revenue (up 26.9% YoY), set Q1 2026 guidance of $0.160–0.190 EPS, and authorized a $1.5 billion share buyback (about 5.3% of shares).
• Analyst sentiment is mixed but averages a Moderate Buy with a consensus target of $73.35 after several firms trimmed price targets and at least one issued an "underweight" rating.

Spyglass Capital Management LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,002,717 shares of the technology company's stock after buying an additional 199,435 shares during the period. CoStar Group comprises approximately 4.5% of Spyglass Capital Management LLC's holdings, making the stock its 9th largest holding. Spyglass Capital Management LLC owned about 0.24% of CoStar Group worth $84,599,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CSGP. Quent Capital LLC purchased a new stake in shares of CoStar Group in the 3rd quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new position in CoStar Group during the third quarter valued at approximately $28,000. Westside Investment Management Inc. increased its holdings in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company's stock valued at $30,000 after buying an additional 180 shares during the period. Root Financial Partners LLC bought a new position in CoStar Group in the third quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. raised its stake in CoStar Group by 3,046.2% in the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company's stock worth $35,000 after buying an additional 396 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSGP has been the topic of several recent research reports. Bank of America set a $74.00 target price on CoStar Group in a research report on Wednesday, January 7th. Robert W. Baird set a $73.00 price target on CoStar Group in a research report on Wednesday, February 25th. Wells Fargo & Company dropped their price objective on CoStar Group from $48.00 to $44.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Needham & Company LLC cut their target price on CoStar Group from $80.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $73.35.

Insiders Place Their Bets

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the company's stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director owned 20,409 shares of the company's stock, valued at approximately $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.09% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $43.63 on Friday. The business's fifty day simple moving average is $54.31 and its 200-day simple moving average is $67.97. The company has a market cap of $18.32 billion, a PE ratio of 4,367.37, a PEG ratio of 1.16 and a beta of 0.89. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $42.94 and a 12-month high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $900.00 million during the quarter, compared to analysts' expectations of $892.22 million. During the same quarter last year, the firm earned $0.26 EPS. The business's quarterly revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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.

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