7,832,860 Shares in CoStar Group, Inc. $CSGP Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,832,860 shares of the technology company's stock, valued at approximately $221,826,000. Jupiter Topco LLC owned about 1.93% of CoStar Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CSGP. Barclays PLC grew its holdings in shares of CoStar Group by 83.4% in the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company's stock worth $156,111,000 after acquiring an additional 1,055,584 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of CoStar Group by 100.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company's stock valued at $16,486,000 after purchasing an additional 122,776 shares during the last quarter. SVB Wealth LLC lifted its holdings in shares of CoStar Group by 98.3% during the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company's stock valued at $4,465,000 after purchasing an additional 32,923 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of CoStar Group by 45.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company's stock valued at $74,971,000 after purchasing an additional 348,460 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CoStar Group by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company's stock valued at $69,446,000 after purchasing an additional 49,657 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSGP. 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. Bank of America decreased their target price on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a research report on Thursday, April 30th. Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an "underweight" rating in a report on Wednesday, June 24th. Finally, Stephens reduced their price target 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 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's stock. According to MarketBeat.com, CoStar Group presently has a consensus rating of "Hold" and a consensus price target of $40.11.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were 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 approximately $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was bought at an average price 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. This represents a 4.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is currently owned by corporate insiders.

CoStar Group Trading Down 2.0%

Shares of NASDAQ CSGP opened at $32.14 on Thursday. 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 one year low of $25.89 and a one year high of $91.89. The business has a 50-day moving average price of $30.03 and a two-hundred day moving average price of $36.13. The firm has a market capitalization of $13.02 billion, a PE ratio of 169.17, a PEG ratio of 0.86 and a beta of 0.72.

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 analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. 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, analysts predict that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

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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