93,291 Shares in CoStar Group, Inc. $CSGP Bought by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 93,291 shares of the technology company's stock, valued at approximately $2,653,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $957,612,000. Norges Bank acquired a new position in CoStar Group during the 4th quarter worth about $476,765,000. Capital International Investors lifted its position in shares of CoStar Group by 59.7% during the fourth 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. Viking Global Investors LP acquired a new position in shares of CoStar Group during the second quarter valued at $258,773,000. Finally, Deutsche Bank AG bought a new position in CoStar Group in the second quarter valued at about $64,127,000. Institutional investors and hedge funds own 96.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CSGP. The Goldman Sachs Group reiterated a "buy" rating and set a $40.00 target price on shares of CoStar Group in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a "sector perform" rating in a report on Monday, July 13th. BTIG Research reduced their target price on shares of CoStar Group from $55.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. KeyCorp set a $33.00 price target on CoStar Group in a research report on Monday. Finally, Citigroup lowered shares of CoStar Group from a "market outperform" rating to a "neutral" rating and lowered their price objective for the stock from $70.00 to $33.00 in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Hold" and an average price target of $40.11.

CoStar Group Price Performance

CoStar Group stock opened at $32.14 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89. The firm has a market cap of $13.02 billion, a PE ratio of 169.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. The stock's fifty day moving average price is $30.03 and its two-hundred day moving average price is $36.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analysts' expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. CoStar Group's revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. 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, research analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling at CoStar Group

In other 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 value of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the purchase, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is owned by corporate insiders.

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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