Massachusetts Financial Services Co. MA Has $212.47 Million Stake in CoStar Group, Inc. $CSGP

Key Points

• Massachusetts Financial Services cut its stake in CoStar by 57.3% in Q4 to 3,159,925 shares worth $212.47 million, leaving it with roughly 0.75% ownership.
• CoStar beat Q4 estimates with EPS $0.31 and revenue of $899.9M (up 26.9% YoY) and the board authorized a $1.5 billion share buyback (up to 5.3% of shares).
• Analysts have a consensus rating of Moderate Buy with a $72.76 price target, while insider Director Louise S. Sams bought 1,000 shares and institutional ownership stands at 96.60%.

Massachusetts Financial Services Co. MA trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 57.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,159,925 shares of the technology company's stock after selling 4,246,863 shares during the period. Massachusetts Financial Services Co. MA owned about 0.75% of CoStar Group worth $212,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSGP. Quent Capital LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $28,000. Westside Investment Management Inc. grew its holdings in shares of CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company's stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $31,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of CoStar Group by 3,046.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company's stock worth $35,000 after purchasing an additional 396 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. William Blair reissued an "outperform" rating on shares of CoStar Group in a report on Tuesday, March 3rd. Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a research report on Thursday, January 8th. Citizens Jmp decreased their target price on shares of CoStar Group from $78.00 to $73.00 and set a "market outperform" rating on the stock in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada decreased their target price on shares of CoStar Group from $75.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $72.76.

Insider Buying and Selling

In other news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. This represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by company insiders.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $36.48 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The firm's 50-day simple moving average is $45.15 and its 200-day simple moving average is $61.05. CoStar Group, Inc. has a twelve month low of $35.77 and a twelve month high of $97.43. The firm has a market cap of $15.31 billion, a P/E ratio of 3,651.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $899.90 million for the quarter, compared to analyst estimates of $892.22 million. During the same period in the previous year, the business earned $0.26 EPS. The firm's 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. As a group, research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has approved a share buyback plan on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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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