Barclays PLC Acquires 94,810 Shares of CoStar Group, Inc. $CSGP

Barclays PLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,266,116 shares of the technology company’s stock after buying an additional 94,810 shares during the quarter. Barclays PLC owned 0.30% of CoStar Group worth $106,822,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. increased its stake in CoStar Group by 5.3% in the third quarter. Crossmark Global Holdings Inc. now owns 21,840 shares of the technology company’s stock valued at $1,843,000 after acquiring an additional 1,096 shares during the period. Dimensional Fund Advisors LP raised its position in CoStar Group by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,236,180 shares of the technology company’s stock worth $188,661,000 after purchasing an additional 67,262 shares in the last quarter. NZS Capital LLC lifted its stake in CoStar Group by 6.5% during the third quarter. NZS Capital LLC now owns 373,432 shares of the technology company’s stock worth $31,506,000 after purchasing an additional 22,905 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in CoStar Group during the third quarter valued at approximately $418,000. Finally, Riverview Capital Advisers LLC acquired a new stake in CoStar Group during the third quarter valued at approximately $250,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $48.38 on Friday. The stock has a market capitalization of $20.31 billion, a P/E ratio of 4,842.84, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. 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 $56.48 and a 200-day moving average of $69.37.

CoStar Group (NASDAQ:CSGP) last released its quarterly 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. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The business had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. During the same period in the prior year, the company earned $0.26 EPS. CoStar Group’s revenue for the quarter 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, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has initiated a share buyback plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CSGP shares. Zacks Research cut CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Needham & Company LLC decreased their price target on CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Wells Fargo & Company lowered their price target on CoStar Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 29th. Finally, The Goldman Sachs Group cut their price objective on CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.