CoStar Group Sees Unusually High Options Volume (NASDAQ:CSGP)

Key Points

• Unusual options activity: Investors purchased 3,043 CoStar Group put options, 47% above the typical volume of 2,074. The stock rose 2.6% to $31.02 during Monday trading.
• Mixed analyst sentiment: Analysts have an average “Hold” rating and a $41.61 price target, with recent targets ranging from $26 to $45 and Citigroup downgrading the stock to “Neutral.”
• Business and insider developments: CoStar’s latest quarterly revenue increased 18.4% year over year, while CEO Andrew Florance bought 83,300 shares worth approximately $2.49 million. Institutional investors own 96.6% of the company.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 3,043 put options on the stock. This is an increase of 47% compared to the typical volume of 2,074 put options.

CoStar Group Stock Up 2.6%

NASDAQ:CSGP traded up $0.78 during mid-day trading on Monday, hitting $31.02. The company had a trading volume of 1,059,774 shares, compared to its average volume of 7,260,545. The business has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $38.81. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 163.61, a PEG ratio of 0.80 and a beta of 0.72. CoStar Group has a 1 year low of $25.89 and a 1 year high of $94.95. 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 (NASDAQ:CSGP - Get Free Report) last released 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. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same period in the previous year, the company posted $0.17 EPS. CoStar Group'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. Equities analysts forecast that CoStar Group will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of a number of research reports. Needham & Company LLC cut their price objective on CoStar Group from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on CoStar Group and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Citigroup downgraded shares of CoStar Group from a "market outperform" rating to a "neutral" rating and dropped their target price for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Benchmark began coverage on shares of CoStar Group in a research report on Thursday, June 4th. They set a "buy" rating and a $45.00 price target on the stock. Finally, Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the stock an "underweight" rating in a research note on Wednesday, June 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.61.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance acquired 83,300 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost 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 in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. United Capital Financial Advisors LLC lifted its position in CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company's stock valued at $637,000 after purchasing an additional 167 shares during the last quarter. Man Group plc raised its position in shares of CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company's stock valued at $834,000 after buying an additional 177 shares in the last quarter. Norinchukin Bank The grew its position in CoStar Group by 0.5% in the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company's stock worth $2,998,000 after acquiring an additional 184 shares in the last quarter. Keel Point LLC grew its position in CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company's stock worth $308,000 after acquiring an additional 231 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in CoStar Group by 1.8% during the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company's stock worth $947,000 after acquiring an additional 247 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

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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