Ieq Capital LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the second quarter, Holdings Channel reports. The firm bought 351,667 shares of the technology company’s stock, valued at approximately $9,959,000.
Several other institutional investors and hedge funds have also modified their holdings of CSGP. Reflection Asset Management acquired a new position in shares of CoStar Group in the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position in CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC purchased a new position in CoStar Group in the third quarter valued at about $48,000. Finally, DV Equities LLC purchased a new position in CoStar Group in the fourth quarter valued at about $40,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at CoStar Group
In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by insiders.
CoStar Group Price Performance
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. William Blair lowered CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Wolfe Research reissued an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $40.00 price objective on shares of CoStar Group in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has a consensus rating of “Hold” and a consensus price target of $41.61.
Check Out Our Latest Stock Report on CoStar Group
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.
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