Legal & General Group Plc Purchases 161,543 Shares of CoStar Group, Inc. $CSGP

Key Points

• Legal & General Group Plc increased its CoStar Group stake by 6.0% in the fourth quarter, buying 161,543 shares and bringing its total holding to 2.86 million shares valued at about $192.4 million.
• CoStar Group reported better-than-expected quarterly earnings, posting $0.23 EPS versus the $0.18 estimate, while revenue came in roughly in line at $897 million and rose 22.5% year over year.
• Despite the earnings beat, the stock was down 0.6% and traded near $32.32, well below its 52-week high of $97.43; analysts still rate it a Moderate Buy with a consensus price target of $55.94.

Legal & General Group Plc lifted its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,861,300 shares of the technology company's stock after buying an additional 161,543 shares during the period. Legal & General Group Plc owned about 0.68% of CoStar Group worth $192,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSGP. Lloyd Advisory Services LLC. bought a new position in CoStar Group during the fourth quarter valued at approximately $29,000. Westside Investment Management Inc. lifted its position 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 purchasing an additional 180 shares during the period. Root Financial Partners LLC bought a new position in CoStar Group during the third quarter valued at approximately $31,000. IFP Advisors Inc lifted its position in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after purchasing an additional 471 shares during the period. Finally, Rossby Financial LCC lifted its position in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company's stock valued at $42,000 after purchasing an additional 162 shares during the period. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Down 0.6%

CSGP opened at $32.32 on Thursday. 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 1-year low of $31.35 and a 1-year high of $97.43. The company has a market capitalization of $13.20 billion, a PE ratio of 538.76, a PEG ratio of 0.84 and a beta of 0.75. The firm's 50 day simple moving average is $37.34 and its two-hundred day simple moving average is $51.97.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period last year, the firm earned ($0.04) earnings per share. The company's quarterly 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. As a group, equities analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday, April 30th. Citizens Jmp lowered their price objective on shares of 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. Jefferies Financial Group upgraded shares of CoStar Group from a "hold" rating to a "buy" rating and set a $67.00 price objective on the stock in a research report on Friday, February 20th. BTIG Research restated a "buy" rating and set a $55.00 price objective on shares of CoStar Group in a research report on Wednesday, April 29th. Finally, Bank of America lowered their price objective on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.94.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the firm's stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company's stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Louise S. Sams acquired 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, with a total value 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. This represents a 5.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.09% of the stock is currently owned by company 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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