Jupiter Asset Management Ltd. Buys 1,480,474 Shares of CoStar Group, Inc. $CSGP

Key Points

• Jupiter Asset Management boosted its CoStar Group stake by 386.3% in Q4, buying 1,480,474 additional shares and bringing its total holding to 1,863,704 shares worth about $125.3 million.
• CoStar Group’s latest earnings beat expectations, with Q1 EPS of $0.23 versus the $0.18 consensus and revenue of $897 million, up 22.5% year over year.
• Analyst sentiment is mixed but leaning positive: the stock has a consensus rating of “Moderate Buy” with a price target of $55.94, even as some firms lowered targets and one maintained a sell rating.

Jupiter Asset Management Ltd. lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 386.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,863,704 shares of the technology company's stock after acquiring an additional 1,480,474 shares during the period. CoStar Group makes up about 1.0% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 19th largest holding. Jupiter Asset Management Ltd. owned about 0.44% of CoStar Group worth $125,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CSGP. Baillie Gifford & Co. increased its position in shares of CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock worth $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. Viking Global Investors LP acquired a new position in CoStar Group during the 2nd quarter worth approximately $258,773,000. Vanguard Group Inc. grew its stake in shares of CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company's stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares in the last quarter. Capital Research Global Investors grew its stake in shares of CoStar Group by 27.0% during the 3rd quarter. Capital Research Global Investors now owns 4,993,854 shares of the technology company's stock worth $421,330,000 after acquiring an additional 1,062,452 shares in the last quarter. Finally, Ion Asset Management Ltd. grew its stake in shares of CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company's stock worth $94,055,000 after acquiring an additional 1,028,933 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSGP shares. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a research note on Friday, March 27th. Wall Street Zen raised shares of CoStar Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Stephens decreased their price target on shares of CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, May 4th. Finally, Jefferies Financial Group raised CoStar Group from a "hold" rating to a "buy" rating and set a $67.00 price target on the stock in a research report on Friday, February 20th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.94.

CoStar Group Stock Down 0.1%

CSGP opened at $32.30 on Friday. The stock has a fifty day moving average of $37.10 and a 200-day moving average of $51.72. The company has a market capitalization of $13.19 billion, a P/E ratio of 538.42, a P/E/G ratio of 0.83 and a beta of 0.75. CoStar Group, Inc. has a fifty-two week low of $31.35 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.CoStar Group's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. 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, equities analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current 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 dated Friday, May 1st. The shares were bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the acquisition, the director directly owned 20,409 shares in the company, valued at $986,979.24. This represents a 5.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.09% of the company's stock.

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.

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