Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,169,688 shares of the technology company's stock, valued at approximately $33,126,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.29% of CoStar Group at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company's stock valued at $379,000 after acquiring an additional 426 shares during the period. NewEdge Advisors LLC lifted its position in CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company's stock worth $117,000 after acquiring an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its position in CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company's stock worth $1,006,000 after acquiring an additional 11,370 shares during the period. Empowered Funds LLC grew its stake in CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company's stock valued at $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP grew its stake in CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company's stock valued at $2,821,000 after purchasing an additional 10,984 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CSGP. William Blair lowered CoStar Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of CoStar Group in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $34.00 price target on shares of CoStar Group and gave the stock a "sector perform" rating in a report on Monday, July 13th. Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Finally, 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 research note on Monday. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.11.
Check Out Our Latest Report on CSGP
Insider Activity at CoStar Group
In other news, CEO Andrew C. Florance acquired 83,300 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, with a total value 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 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 CoStar Group 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 approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. 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 CSGP stock opened at $32.84 on Tuesday. The stock has a market cap of $13.31 billion, a PE ratio of 172.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The business has a 50-day simple moving average of $29.98 and a 200-day simple moving average of $36.40. 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 52-week low of $25.89 and a 52-week high of $91.89.
CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.CoStar Group's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company 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 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
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
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
