Danske Bank A S Purchases Shares of 174,139 CoStar Group, Inc. $CSGP

Danske Bank A S acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 174,139 shares of the technology company's stock, valued at approximately $4,932,000.

A number of other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of CoStar Group by 9.8% in the first 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 grew its position in shares of CoStar Group by 727.5% during the first 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 last quarter. Jones Financial Companies Lllp increased its holdings in shares of CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company's stock valued at $1,006,000 after acquiring an additional 11,370 shares during the period. Empowered Funds LLC increased its holdings in shares of CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company's stock valued at $629,000 after acquiring an additional 666 shares during the period. Finally, Woodline Partners LP raised its position in CoStar Group by 44.6% in 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. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.18% of the company's stock.

CoStar Group Stock Performance

CSGP opened at $32.26 on Friday. The stock has a market cap of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.85 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The stock's 50 day simple moving average is $29.96 and its 200 day simple moving average is $36.71. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $91.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.17 EPS. The business'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 fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CSGP shares. Wolfe Research reissued an "outperform" rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a "sector perform" rating in a research note on Monday, July 13th. Needham & Company LLC decreased their price objective on CoStar Group from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. BTIG Research lowered their target price on CoStar Group from $55.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $40.00 target price on shares of CoStar Group in a research note 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, the stock has a consensus rating of "Hold" and an average price target of $41.61.

CoStar Group Company Profile

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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