CIBC Bancorp USA Inc. Buys Shares of 185,242 CoStar Group, Inc. $CSGP

CIBC Bancorp USA Inc. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 185,242 shares of the technology company’s stock, valued at approximately $15,629,000.

A number of other institutional investors have also made changes to their positions in the stock. Quent Capital LLC acquired a new position in CoStar Group in the third quarter valued at about $26,000. Manning & Napier Advisors LLC acquired a new position in shares of CoStar Group during the 3rd quarter worth about $28,000. Westside Investment Management Inc. increased its stake in shares of CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $31,000. Finally, SJS Investment Consulting Inc. raised its position in shares of CoStar Group by 3,046.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after acquiring an additional 396 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP stock opened at $42.82 on Friday. 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 company has a market capitalization of $17.98 billion, a P/E ratio of 4,286.29, a price-to-earnings-growth ratio of 1.15 and a beta of 0.89. The company’s 50 day moving average price is $52.65 and its two-hundred day moving average price is $66.69. CoStar Group, Inc. has a 52 week low of $41.84 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly 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 company had revenue of $899.90 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 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has authorized a stock repurchase program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CSGP shares. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, February 20th. BTIG Research set a $60.00 target price on shares of CoStar Group and gave the stock a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group reduced their price target on shares of CoStar Group from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC decreased their price target on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada lowered their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.76.

Insiders Place Their Bets

In other news, Director Louise S. Sams bought 1,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.09% of the company’s stock.

CoStar Group 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.