CoStar Group, Inc. (NASDAQ:CSGP) Short Interest Update

CoStar Group, Inc. (NASDAQ:CSGP) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 26,150,995 shares, a growth of 35.2% from the February 12th total of 19,341,189 shares. Based on an average daily volume of 6,981,756 shares, the days-to-cover ratio is currently 3.7 days. Currently, 6.3% of the company’s shares are sold short. Currently, 6.3% of the company’s shares are sold short. Based on an average daily volume of 6,981,756 shares, the days-to-cover ratio is currently 3.7 days.

Insiders Place Their Bets

In related news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the purchase, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in shares of CoStar Group by 34.2% in the fourth quarter. Hsbc Holdings PLC now owns 987,270 shares of the technology company’s stock valued at $66,392,000 after purchasing an additional 251,750 shares during the period. BSN CAPITAL PARTNERS Ltd bought a new stake in shares of CoStar Group during the 4th quarter worth $10,144,000. Reflection Asset Management acquired a new position in CoStar Group in the 4th quarter valued at $27,000. SG Trading Solutions LLC bought a new position in CoStar Group in the 4th quarter worth $218,000. Finally, Pacer Advisors Inc. raised its holdings in CoStar Group by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 64,330 shares of the technology company’s stock worth $4,326,000 after acquiring an additional 1,029 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $43.62 on Tuesday. CoStar Group has a fifty-two week low of $42.94 and a fifty-two week high of $97.43. The stock’s 50-day moving average is $53.85 and its two-hundred day moving average is $67.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a market cap of $18.31 billion, a P/E ratio of 4,366.37, a PEG ratio of 1.17 and a beta of 0.90.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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 firm had revenue of $899.90 million for the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts predict that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share buyback plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSGP shares. Wells Fargo & Company cut their price target on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Keefe, Bruyette & Woods lowered their price objective on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Robert W. Baird set a $73.00 target price on CoStar Group in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on CoStar Group in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and an average price target of $73.35.

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.