Barbara Oil Co. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,000 shares of the technology company's stock, valued at approximately $948,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in CoStar Group by 83.4% during 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. increased its stake in shares of CoStar Group by 100.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company's stock worth $16,486,000 after purchasing an additional 122,776 shares during the period. SVB Wealth LLC increased its stake in shares of CoStar Group by 98.3% in the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company's stock worth $4,465,000 after purchasing an additional 32,923 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of CoStar Group by 45.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company's stock worth $74,971,000 after purchasing an additional 348,460 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CoStar Group by 4.9% during 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 own 96.60% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on CSGP shares. William Blair downgraded CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a "sector perform" rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.61.
View Our Latest Stock Analysis on CoStar Group
Insider Activity
In other CoStar Group news, CEO Andrew C. Florance acquired 83,300 shares of the company's stock in a transaction 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 purchase, the chief executive officer directly 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at $579,341.16. This represents 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.
CoStar Group Stock Performance
Shares of CoStar Group stock opened at $32.26 on Monday. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 169.80, a P/E/G ratio of 0.85 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day simple moving average of $29.96 and a two-hundred day simple moving average of $36.53. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89.
CoStar Group (NASDAQ:CSGP - Get Free Report) last released 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 for 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%. The business's revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current 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.
Featured Articles
Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider CoStar Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoStar Group wasn't on the list.
While CoStar Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
