CoStar Group, Inc. $CSGP Stock Bought by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its CoStar Group position by 307.7% in the third quarter, acquiring 38,040 additional shares for a total holding valued at approximately $1.38 million. Institutional investors collectively own 96.6% of CSGP.
• Insider activity was mixed: CEO Andrew Florance bought 83,300 shares worth about $2.49 million, while Chief Accounting Officer Cynthia Cammett Cann sold 4,788 shares for approximately $147,000.
• Analyst sentiment remains mixed, with MarketBeat reporting an average “Hold” rating and a $40.11 price target. CoStar’s latest quarterly results beat EPS expectations, although revenue slightly missed forecasts.

NorthCrest Asset Manangement LLC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 307.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,401 shares of the technology company's stock after acquiring an additional 38,040 shares during the period. NorthCrest Asset Manangement LLC's holdings in CoStar Group were worth $1,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSGP. Reflection Asset Management bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $27,000. Empirical Finance LLC lifted its holdings in shares of CoStar Group by 6.6% during the second quarter. Empirical Finance LLC now owns 8,770 shares of the technology company's stock valued at $248,000 after purchasing an additional 545 shares during the last quarter. Mufg Securities Americas Inc. boosted its position in shares of CoStar Group by 4.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company's stock worth $348,000 after purchasing an additional 573 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of CoStar Group by 50.8% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company's stock worth $50,000 after purchasing an additional 592 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of CoStar Group by 8.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 8,130 shares of the technology company's stock worth $328,000 after purchasing an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Activity 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 completion of the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wolfe Research restated an "outperform" rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. BMO Capital Markets reiterated 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, August 24th. William Blair cut CoStar Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 29th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of CoStar Group in a report on Tuesday, October 6th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a research note on Monday, September 21st. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $40.11.

CoStar Group Stock Up 0.4%

NASDAQ:CSGP opened at $30.11 on Thursday. The firm has a market cap of $12.20 billion, a P/E ratio of 40.00, a P/E/G ratio of 0.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $79.08. The firm has a 50-day simple moving average of $30.23 and a two-hundred day simple moving average of $32.09.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million during 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 for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous 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. Analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes and distributes property and market data used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.

Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.

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