Bamco Inc. NY Takes Position in CoStar Group, Inc. $CSGP

Bamco Inc. NY purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,626,763 shares of the technology company's stock, valued at approximately $612,470,000. CoStar Group comprises 0.9% of Bamco Inc. NY's portfolio, making the stock its 20th largest holding. Bamco Inc. NY owned 5.34% of CoStar Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new position in shares of CoStar Group in the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new stake in CoStar Group in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its holdings in CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC acquired a new position in CoStar Group in the third quarter valued at about $48,000. Finally, DV Equities LLC acquired a new position in CoStar Group in the fourth quarter valued at about $40,000. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CSGP shares. Weiss Ratings restated a "sell (d)" rating on shares of CoStar Group in a report on Wednesday, June 24th. Needham & Company LLC cut their price target on shares of CoStar Group from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. KeyCorp set a $33.00 price objective on shares of CoStar Group in a research note on Monday. BMO Capital Markets restated a "market perform" rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. 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 stock. According to MarketBeat, CoStar Group presently has a consensus rating of "Hold" and an average price target of $40.11.

CoStar Group Stock Down 2.0%

Shares of CSGP stock opened at $32.14 on Thursday. The firm has a fifty day moving average of $30.03 and a 200-day moving average of $36.13. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $91.89. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 169.17, a P/E/G ratio of 0.86 and a beta of 0.72.

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

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance bought 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price 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 of the company's stock, valued at $53,986,271.85. This trade represents a 4.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief accounting officer owned 18,822 shares of the company's stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.18% of the company's stock.

CoStar Group Company 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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