Archon Partners LLC Makes New $4.56 Million Investment in CoStar Group, Inc. $CSGP

Archon Partners LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,000 shares of the technology company’s stock, valued at approximately $4,556,000.

Several other large investors have also recently bought and sold shares of the company. ING Groep NV grew its position in shares of CoStar Group by 1,950.5% in the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after purchasing an additional 121,807 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in CoStar Group by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock worth $14,459,000 after buying an additional 21,225 shares during the period. UMB Bank n.a. lifted its stake in CoStar Group by 51.6% in the third quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after buying an additional 76,720 shares in the last quarter. Swedbank AB boosted its holdings in shares of CoStar Group by 21.0% in the third quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock valued at $25,510,000 after buying an additional 52,433 shares during the period. Finally, Generali Asset Management SPA SGR increased its position in shares of CoStar Group by 641.8% during the third quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 20,661 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP opened at $43.63 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $54.31 and its 200 day simple moving average is $67.97. CoStar Group, Inc. has a 1-year low of $42.94 and a 1-year high of $97.43. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 4,367.37, a PEG ratio of 1.16 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $900.00 million during 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 quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $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 fiscal year.

CoStar Group declared that its Board of Directors has approved a stock buyback program on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CSGP shares. Needham & Company LLC dropped their price objective 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. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods dropped their price target on CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Finally, BNP Paribas Exane initiated coverage on CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.