CoStar Group, Inc. $CSGP Stake Boosted by California State Teachers Retirement System

Key Points

• Institutional ownership increased: California State Teachers Retirement System boosted its CoStar Group stake by 2% to 680,684 shares, while institutional investors and hedge funds collectively own 96.6% of the company.
• Quarterly results were mixed: CoStar Group reported adjusted EPS of $0.32, exceeding the $0.29 consensus, but revenue of $925 million fell slightly short of estimates despite rising 18.4% year over year.
• Analyst sentiment remains cautious: Several firms cut their ratings or price targets, leaving CSGP with a consensus “Hold” rating and an average target of $40.11; meanwhile, CEO Andrew Florance purchased 83,300 shares.

California State Teachers Retirement System boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 680,684 shares of the technology company's stock after purchasing an additional 13,573 shares during the period. California State Teachers Retirement System owned 0.17% of CoStar Group worth $19,276,971 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSGP. BlackRock Inc. bought a new position in shares of CoStar Group in the 2nd quarter valued at about $957,612,000. Bamco Inc. NY purchased a new stake in CoStar Group in the 2nd quarter worth approximately $612,470,000. Principal Financial Group Inc. boosted its holdings in CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock valued at $713,866,000 after acquiring an additional 130,118 shares during the period. Capital International Investors increased its stake in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after acquiring an additional 4,053,456 shares in the last quarter. Finally, Akre Capital Management LLC raised its stake in CoStar Group by 3.3% during the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company's stock valued at $646,701,000 after buying an additional 311,320 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Price Performance

Shares of CSGP stock traded up $0.12 on Tuesday, reaching $31.64. The company's stock had a trading volume of 2,047,792 shares, compared to its average volume of 7,155,636. The company has a market capitalization of $12.82 billion, a P/E ratio of 166.56, a PEG ratio of 0.78 and a beta of 0.75. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $90.72. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock's 50 day simple moving average is $30.42 and its 200-day simple moving average is $34.57.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the company posted $0.17 EPS. The business's quarterly revenue was up 18.4% compared to the same quarter last year. 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 analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of several research reports. Needham & Company LLC cut their price objective on shares of CoStar Group from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Keefe, Bruyette & Woods lowered shares of CoStar Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Citigroup cut shares of CoStar Group from a "market outperform" rating to a "neutral" rating and decreased their price target for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. Finally, Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the company a "sector perform" rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.11.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the business's 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 sale, the chief accounting officer owned 18,822 shares of the company's stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the transaction, the chief executive officer owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. The trade was a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is currently owned by insiders.

About CoStar Group

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar's portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.

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