Deutsche Bank AG acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,264,379 shares of the technology company's stock, valued at approximately $64,127,000. Deutsche Bank AG owned approximately 0.56% of CoStar Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Reflection Asset Management acquired a new position in shares of CoStar Group in the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group during the fourth quarter valued at $29,000. DV Equities LLC purchased a new position in CoStar Group in the fourth quarter valued at $40,000. IFP Advisors Inc increased its holdings in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock worth $43,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.
Insider Activity at CoStar Group
In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction 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 sale, the chief accounting officer owned 18,822 shares of the company's stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, with a total value 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 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 currently owned by insiders.
Analysts Set New Price Targets
CSGP has been the topic of several recent analyst reports. Wolfe Research reissued an "outperform" rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Stephens reduced their price target on CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, May 4th. Keefe, Bruyette & Woods downgraded CoStar Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Citigroup lowered CoStar Group from a "market outperform" rating to a "neutral" rating and dropped their price objective for the company from $70.00 to $33.00 in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.61.
Read Our Latest Report on CSGP
CoStar Group Stock Down 4.4%
CSGP stock opened at $32.26 on Friday. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89. 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 firm has a 50-day simple moving average of $29.97 and a 200-day simple moving average of $36.74. The stock has a market capitalization of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.89 and a beta of 0.72.
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 (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million for the quarter, compared to analysts' expectations of $928.81 million. During the same period in the previous year, the firm posted $0.17 EPS. CoStar Group's revenue 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. Equities analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal 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.
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