1,682,774 Shares in CoStar Group, Inc. $CSGP Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,682,774 shares of the technology company's stock, valued at approximately $47,656,000. Legal & General Group Plc owned about 0.42% of CoStar Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSGP. Reflection Asset Management bought a new stake in shares of CoStar Group in the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group during the fourth quarter worth $29,000. DV Equities LLC acquired a new position in CoStar Group in the fourth quarter valued at $40,000. IFP Advisors Inc lifted its holdings in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after buying an additional 471 shares during the period. Finally, 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 acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Price Performance

Shares of CSGP opened at $32.22 on Friday. The business's fifty day moving average is $30.10 and its 200 day moving average is $35.97. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $91.89. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock has a market cap of $13.06 billion, a P/E ratio of 169.59, a P/E/G ratio of 0.82 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same quarter in the previous year, the business posted $0.17 EPS. CoStar Group's quarterly 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. Sell-side analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. BMO Capital Markets reissued a "market perform" rating and issued a $33.00 price objective (up from $31.00) on shares of CoStar Group in a research report on Monday. KeyCorp set a $33.00 price target on CoStar Group in a research note on Monday. Citigroup lowered CoStar Group from a "market outperform" rating to a "neutral" rating and dropped their price target for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a "buy" rating and set a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. Finally, Stephens reduced their price objective on shares of CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.11.

Insider Transactions at CoStar Group

In other news, 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 sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the company's stock in a transaction dated 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. This 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 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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