Formula Growth Ltd. Takes $963,000 Position in CoStar Group, Inc. $CSGP

Formula Growth Ltd. purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,000 shares of the technology company's stock, valued at approximately $963,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in CoStar Group during the second quarter valued at $957,612,000. Bamco Inc. NY bought a new position in shares of CoStar Group in the 2nd quarter worth about $612,470,000. Jupiter Topco LLC bought a new position in shares of CoStar Group in the 2nd quarter worth about $221,826,000. Norges Bank acquired a new position in shares of CoStar Group in the 4th quarter valued at about $476,765,000. Finally, Meritage Group LP acquired a new position in shares of CoStar Group in the 2nd quarter valued at about $152,763,000. 96.60% of the stock is currently owned by institutional investors.

Insider Activity at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the business's stock in a transaction on 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 purchase, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is owned by company insiders.

CoStar Group Stock Down 2.5%

CSGP stock opened at $31.34 on Friday. The stock has a market cap of $12.70 billion, a PE ratio of 164.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The firm's 50-day simple moving average is $30.05 and its 200 day simple moving average is $36.00. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two 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.

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 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%. CoStar Group's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSGP shares. JPMorgan Chase & Co. lowered their price objective on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the stock an "underweight" rating in a report on Wednesday, June 24th. The Goldman Sachs Group restated a "buy" rating and issued a $40.00 target price on shares of CoStar Group in a research note on Wednesday, July 29th. BTIG Research lowered their target price on CoStar Group from $55.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $40.11.

CoStar Group 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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