Quantbot Technologies LP acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,491 shares of the technology company’s stock, valued at approximately $1,770,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Evolve Private Wealth LLC purchased a new stake in shares of CoStar Group in the second quarter valued at approximately $458,000. Korea Investment CORP purchased a new position in shares of CoStar Group during the 2nd quarter valued at approximately $19,779,000. Ieq Capital LLC acquired a new stake in CoStar Group in the 2nd quarter valued at $9,959,000. Callan Family Office LLC acquired a new stake in CoStar Group in the 2nd quarter valued at $333,000. Finally, Allworth Financial LP purchased a new stake in CoStar Group in the 2nd quarter worth $385,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on CSGP shares. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Benchmark started coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, Needham & Company LLC cut their price target on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.11.
CoStar Group Stock Up 1.8%
CoStar Group stock opened at $32.84 on Tuesday. The firm has a market capitalization of $13.31 billion, a P/E ratio of 172.85, a P/E/G ratio of 0.85 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. The stock’s fifty day simple moving average is $29.98 and its 200-day simple moving average is $36.40.
CoStar Group (NASDAQ:CSGP – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. 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. As a group, equities analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction 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. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than CoStar Group
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP – Free Report).
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.
