Amundi Has $88.81 Million Stock Position in CoStar Group, Inc. $CSGP

Amundi lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,135,933 shares of the technology company's stock after selling 144,791 shares during the quarter. Amundi owned approximately 0.77% of CoStar Group worth $88,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSGP. Reflection Asset Management bought a new position in CoStar Group during the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock worth $43,000 after buying an additional 513 shares during the last quarter. JPL Wealth Management LLC acquired a new position in CoStar Group in the 3rd quarter valued at about $48,000. Finally, DV Equities LLC acquired a new stake in CoStar Group during the fourth quarter worth approximately $40,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

CoStar Group stock opened at $29.58 on Thursday. The stock's 50 day moving average price is $30.37 and its two-hundred day moving average price is $34.96. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 155.69, a PEG ratio of 0.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $90.72.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business's revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, equities analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew Florance purchased 83,300 shares of the business'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 acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business's 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 transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSGP. JPMorgan Chase & Co. dropped their target price on CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Wolfe Research reissued an "outperform" rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the company a "sector perform" rating in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a report on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $40.11.

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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