Natixis Advisors LLC Buys 33,599 Shares of CoStar Group, Inc. $CSGP

Key Points

• Natixis Advisors LLC raised its stake in CoStar Group by 6.2%, buying 33,599 shares to hold 571,265 shares worth about $48.2 million (roughly 0.13% ownership).
• CoStar beat Q results (EPS $0.31 vs. $0.27 expected; revenue $900M vs. $892M, up 26.9% year-over-year) and its board authorized a $1.5 billion stock buyback (up to ~5.3% of shares).
• Analysts hold a consensus rating of "Moderate Buy" with a consensus price target of $73.35, though several firms recently trimmed price targets.

Natixis Advisors LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 571,265 shares of the technology company's stock after purchasing an additional 33,599 shares during the quarter. Natixis Advisors LLC owned about 0.13% of CoStar Group worth $48,198,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CoStar Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company's stock worth $5,910,662,000 after buying an additional 1,208,958 shares during the period. Bamco Inc. NY raised its stake in shares of CoStar Group by 3.4% in the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company's stock valued at $1,582,267,000 after acquiring an additional 647,413 shares during the period. State Street Corp lifted its holdings in shares of CoStar Group by 0.9% in the 2nd quarter. State Street Corp now owns 17,732,968 shares of the technology company's stock worth $1,425,731,000 after acquiring an additional 158,539 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CoStar Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company's stock worth $989,905,000 after acquiring an additional 290,404 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CoStar Group by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company's stock worth $624,911,000 after purchasing an additional 821,111 shares during the period. Institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In other news, Director Louise S. Sams acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group raised 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. Keefe, Bruyette & Woods dropped their target price on CoStar Group from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. BMO Capital Markets cut their target price on CoStar Group from $72.00 to $53.00 and set a "market perform" rating on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group reduced their price target on CoStar Group from $84.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Finally, Citizens Jmp decreased their price target on CoStar Group from $78.00 to $73.00 and set a "market outperform" rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.35.

CoStar Group Price Performance

CoStar Group stock opened at $48.42 on Tuesday. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of 4,846.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. CoStar Group, Inc. has a 1 year low of $43.16 and a 1 year high of $97.43. The firm has a 50-day moving average of $56.10 and a two-hundred day moving average of $68.95.

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

CoStar Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

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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