Man Group plc purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 921,094 shares of the technology company's stock, valued at approximately $26,085,000. Man Group plc owned 0.23% of CoStar Group at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in CoStar Group in the second quarter worth about $957,612,000. Bamco Inc. NY increased its stake in shares of CoStar Group by 1.3% during the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock valued at $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp lifted its holdings in shares of CoStar Group by 1.9% during the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock valued at $1,252,839,000 after purchasing an additional 348,224 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of CoStar Group by 0.7% in 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 in the last quarter. Finally, Capital International Investors boosted its position in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. Institutional investors own 96.60% of the company's stock.
Insiders Place Their Bets
In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew C. Florance acquired 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, for a total transaction of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.18% of the company's stock.
Analyst Upgrades and Downgrades
CSGP has been the subject of a number of analyst reports. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a "neutral" rating in a research report on Tuesday, July 14th. KeyCorp set a $33.00 target price on CoStar Group in a report on Monday. JPMorgan Chase & Co. cut their target price on CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Benchmark began coverage on CoStar Group in a report on Thursday, June 4th. They set a "buy" rating and a $45.00 price target for the company. Finally, Citigroup lowered CoStar Group from a "market outperform" rating to a "neutral" rating and lowered their price target for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $40.11.
View Our Latest Report on CSGP
CoStar Group Price Performance
Shares of CSGP opened at $32.14 on Thursday. The company has a market capitalization of $13.02 billion, a P/E ratio of 169.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. 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 firm has a 50 day moving average of $30.03 and a 200 day moving average of $36.13. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89.
CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating 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 business had revenue of $925.00 million for the quarter, compared to analysts' expectations of $928.81 million. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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, equities research analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.
About CoStar Group
(
Free Report)
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.
Further Reading
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