OMERS ADMINISTRATION Corp bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 207,870 shares of the technology company’s stock, valued at approximately $5,887,000. OMERS ADMINISTRATION Corp owned approximately 0.05% of CoStar Group as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of CSGP. Reflection Asset Management acquired a new position in CoStar Group during the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group during the fourth quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in shares of CoStar Group during the fourth quarter valued at approximately $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $43,000 after purchasing an additional 513 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CSGP. Stephens lowered their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Bank of America lowered their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Needham & Company LLC dropped their target price on CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.11.
Insider Activity at CoStar Group
In other news, CEO Andrew C. Florance purchased 83,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired 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 owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This trade 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 currently owned by company insiders.
CoStar Group Price Performance
CSGP opened at $32.84 on Tuesday. The company has a market capitalization of $13.31 billion, a P/E ratio of 172.85, a PEG ratio of 0.85 and a beta of 0.72. The company has a 50-day moving average of $29.98 and a 200-day moving average of $36.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $91.89.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. 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. Equities analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.
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.
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