CoStar Group, Inc. $CSGP Stock: Nisa Investment Advisors LLC Increases Stake

Key Points

• Nisa Investment Advisors increased its CoStar Group stake by 1,002.3% in the third quarter, ending with 77,768 shares valued at approximately $2.13 million. Institutional investors collectively own 96.6% of the company.
• 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.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $40.11. CoStar reported quarterly EPS of $0.32, beating estimates, while revenue rose 18.4% year over year to $925 million.

Nisa Investment Advisors LLC increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1,002.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,768 shares of the technology company's stock after acquiring an additional 70,713 shares during the quarter. Nisa Investment Advisors LLC's holdings in CoStar Group were worth $2,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in CoStar Group during the 2nd quarter valued at $957,612,000. Principal Financial Group Inc. lifted its position in shares of CoStar Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock worth $713,866,000 after purchasing an additional 130,118 shares during the period. Bamco Inc. NY purchased a new stake in shares of CoStar Group in the 2nd quarter worth about $612,470,000. Janus Henderson Group PLC lifted its position in shares of CoStar Group by 3.4% in the 1st quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company's stock worth $311,586,000 after purchasing an additional 250,772 shares during the period. Finally, Jupiter Topco LLC bought a new stake in shares of CoStar Group during the 2nd quarter valued at about $221,826,000. Institutional investors own 96.60% of the company's stock.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Florance purchased 83,300 shares of CoStar Group stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.18% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CSGP. Citigroup cut shares of CoStar Group from a "market outperform" rating to a "neutral" rating and reduced their price target for the company from $70.00 to $33.00 in a research report on Wednesday, July 29th. Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a research note on Monday, September 21st. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a "neutral" rating in a report on Tuesday, July 14th. William Blair cut CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. Finally, Citizens Jmp cut their price objective on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a research 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 given a Sell rating to the stock. Based on data from MarketBeat, CoStar Group currently has a consensus rating of "Hold" and an average price target of $40.11.

CoStar Group Stock Performance

CoStar Group stock opened at $33.92 on Monday. 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 company has a market capitalization of $13.74 billion, a P/E ratio of 178.54, a PEG ratio of 0.86 and a beta of 0.80. The stock's 50 day moving average is $30.49 and its 200 day moving average is $31.74. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $79.08.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million during 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%. The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. 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 research analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

CoStar Group Profile

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 to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; 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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