Tremblant Capital Group Purchases 26,047 Shares of CoStar Group, Inc. $CSGP

Key Points

• Tremblant Capital Group increased its position in CoStar by 13% in Q3, buying 26,047 shares to hold 225,928 shares worth about $19.06 million, making CoStar its 23rd-largest holding (≈0.05% of the company).
• CoStar has authorized a $1.5 billion stock buyback (up to ~5.3% of shares) and reported a quarterly beat with EPS $0.31 vs. $0.27 and revenue $900M (+26.9% YoY), even as the stock trades near a one-year low (~$43.63) versus a consensus price target of $73.35.

Tremblant Capital Group grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,928 shares of the technology company's stock after purchasing an additional 26,047 shares during the period. CoStar Group makes up 2.0% of Tremblant Capital Group's portfolio, making the stock its 23rd biggest holding. Tremblant Capital Group owned about 0.05% of CoStar Group worth $19,062,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CSGP. Empirical Finance LLC raised its position in shares of CoStar Group by 1.4% in the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company's stock worth $673,000 after buying an additional 114 shares in the last quarter. Enhancing Capital LLC grew its position in CoStar Group by 2.2% during the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company's stock worth $593,000 after buying an additional 150 shares in the last quarter. Rossby Financial LCC increased its stake in CoStar Group by 47.5% in the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company's stock worth $42,000 after acquiring an additional 162 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of CoStar Group by 4.8% in the 3rd quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company's stock valued at $306,000 after acquiring an additional 166 shares in the last quarter. Finally, Zions Bancorporation National Association UT boosted its position in shares of CoStar Group by 41.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company's stock valued at $48,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Up 0.6%

Shares of NASDAQ CSGP opened at $43.63 on Friday. The stock has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a PEG ratio of 1.16 and a beta of 0.89. CoStar Group, Inc. has a one year low of $42.94 and a one year high of $97.43. The firm's 50 day simple moving average is $54.31 and its two-hundred day simple moving average is $67.97. 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 (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The company had revenue of $900.00 million during the quarter, compared to analysts' expectations of $892.22 million. During the same quarter in the prior year, the company 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, analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has initiated 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 purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at CoStar Group

In related news, Director Louise S. Sams acquired 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The shares were 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 $986,979.24. This represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CSGP has been the subject of several recent analyst reports. BTIG Research set a $60.00 price objective on CoStar Group and gave the stock a "buy" rating in a report on Thursday, February 26th. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on shares of CoStar Group from $48.00 to $44.00 and set an "underweight" rating for the company in a research report on Wednesday, February 25th. Needham & Company LLC decreased their price target on shares of CoStar Group from $80.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Finally, Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $73.35.

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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