BlackRock Inc. bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,813,969 shares of the technology company's stock, valued at approximately $957,612,000. BlackRock Inc. owned approximately 8.35% of CoStar Group at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CSGP. Reflection Asset Management acquired a new stake in CoStar Group in the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group in the fourth quarter valued at $29,000. DV Equities LLC bought a new position in shares of CoStar Group in the fourth quarter valued at $40,000. IFP Advisors Inc grew its holdings in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after buying an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock valued at $43,000 after buying an additional 513 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
CoStar Group Stock Performance
Shares of CSGP stock opened at $32.26 on Friday. The stock has a market cap of $13.07 billion, a PE ratio of 169.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The company has a current ratio of 2.21, a quick 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's fifty day moving average price is $29.96 and its 200-day moving average price is $36.71.
CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results 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. The firm had revenue of $925.00 million during 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 business's revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $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 expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Citizens Jmp dropped their target price on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group reiterated a "buy" rating and set a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Benchmark assumed coverage on shares of CoStar Group in a report on Thursday, June 4th. They set a "buy" rating and a $45.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a research note on Thursday, April 30th. Nine research 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's stock. According to MarketBeat.com, CoStar Group has an average rating of "Hold" and an average price target of $41.61.
Read Our Latest Stock Analysis on CSGP
Insider Buying and Selling at CoStar Group
In other CoStar Group news, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a 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 that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.18% of the company's stock.
CoStar Group Company Profile
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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.
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