Canada Pension Plan Investment Board Buys New Stake in CoStar Group, Inc. $CSGP

Canada Pension Plan Investment Board purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,481,641 shares of the technology company's stock, valued at approximately $70,280,000. Canada Pension Plan Investment Board owned approximately 0.61% of CoStar Group at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in CoStar Group during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new position in CoStar Group in the fourth quarter valued at approximately $29,000. DV Equities LLC purchased a new position in CoStar Group in the fourth quarter valued at approximately $40,000. IFP Advisors Inc raised its holdings in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock worth $41,000 after purchasing an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $43,000 after purchasing an additional 513 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Price Performance

CSGP stock opened at $31.34 on Friday. The company has a market capitalization of $12.70 billion, a P/E ratio of 164.96, a PEG ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. The business has a 50 day simple moving average of $30.05 and a 200-day simple moving average of $36.00. 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 (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same period last year, the firm posted $0.17 earnings per share. The company's revenue for the quarter 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 anticipate that CoStar Group, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CSGP shares. JPMorgan Chase & Co. lowered their target price 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. Bank of America cut their price target on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Needham & Company LLC reduced their price target on shares of CoStar Group from $50.00 to $40.00 and set a "buy" rating for the company 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. Finally, Keefe, Bruyette & Woods lowered CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $41.00 to $29.00 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 issued a Sell rating to the company. According to MarketBeat.com, CoStar Group has an average rating of "Hold" and an average target price of $40.11.

Insider Buying and Selling at CoStar Group

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 shares were bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, 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 position. 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 company'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. 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.

About CoStar Group

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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