GSA Capital Partners LLP Makes New $1.47 Million Investment in CoStar Group, Inc. $CSGP

Key Points

• GSA Capital Partners acquired 51,986 CoStar Group shares worth approximately $1.47 million in the second quarter. Institutional investors collectively own 96.6% of the company.
• Analyst sentiment is mixed: CoStar has a consensus “Hold” rating from 20 analysts, with an average price target of $41.61 after several firms recently lowered their targets.
• CoStar exceeded quarterly EPS expectations, reporting $0.32 versus the $0.29 consensus, while revenue rose 18.4% year over year to $925 million. CEO Andrew Florance also purchased 83,300 shares, worth about $2.49 million.

GSA Capital Partners LLP acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 51,986 shares of the technology company's stock, valued at approximately $1,472,000.

Other large investors also recently modified their holdings of the company. Reflection Asset Management bought a new stake in shares of CoStar Group during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in CoStar Group by 25,650.0% during 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 last quarter. JPL Wealth Management LLC acquired a new stake in CoStar Group during the third quarter worth approximately $48,000. Finally, DV Equities LLC bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $40,000. 96.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CSGP. Stephens decreased their target price on CoStar Group from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, May 4th. 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. Wall Street Zen downgraded CoStar Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Benchmark initiated coverage on CoStar Group in a report on Thursday, June 4th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, Bank of America lowered their price objective on CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Nine 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.com, CoStar Group presently has a consensus rating of "Hold" and a consensus target price of $41.61.

CoStar Group Price Performance

CSGP stock opened at $32.38 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. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The firm has a market cap of $13.12 billion, a P/E ratio of 170.43, a P/E/G ratio of 0.85 and a beta of 0.72. The company's 50-day moving average price is $30.08 and its two-hundred day moving average price is $37.63.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 83,300 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by insiders.

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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