Washington Trust Advisors Inc. bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 115,536 shares of the technology company’s stock, valued at approximately $3,166,000.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in CoStar Group in the 2nd quarter valued at $957,612,000. Bamco Inc. NY acquired a new stake in CoStar Group in the 2nd quarter worth $612,470,000. Principal Financial Group Inc. increased its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after purchasing an additional 130,118 shares during the period. Jupiter Topco LLC bought a new position in shares of CoStar Group during the 2nd quarter worth about $221,826,000. Finally, Janus Henderson Group PLC raised its position in shares of CoStar Group by 3.4% during the first quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock valued at $311,586,000 after buying an additional 250,772 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.
CoStar Group Price Performance
Shares of NASDAQ:CSGP traded down $1.53 during midday trading on Friday, reaching $33.92. 7,392,955 shares of the company’s stock were exchanged, compared to its average volume of 5,414,283. The company’s 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $31.80. The firm has a market capitalization of $13.74 billion, a PE ratio of 178.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.80. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $79.08. 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 (NASDAQ:CSGP – Get Free Report) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue 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. Equities research analysts expect that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Andrew Florance acquired 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the purchase, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the 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 transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is currently owned by insiders.
Analyst Ratings Changes
CSGP has been the subject of several research reports. Citigroup cut shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Wolfe Research reissued an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 price target on CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, KeyCorp set a $33.00 price target on CoStar Group in a report on Monday, August 24th. Nine 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 data from MarketBeat.com, CoStar Group has a consensus rating of “Hold” and a consensus price target of $40.11.
Check Out Our Latest Research Report on CSGP
CoStar Group Company Profile
CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.
Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.
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