Headlands Technologies LLC Buys 69,550 Shares of CoStar Group, Inc. $CSGP

Headlands Technologies LLC raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 196.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,978 shares of the technology company's stock after buying an additional 69,550 shares during the quarter. Headlands Technologies LLC's holdings in CoStar Group were worth $2,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of CoStar Group in the second quarter valued at approximately $957,612,000. Bamco Inc. NY purchased a new position in CoStar Group during the second quarter valued at approximately $612,470,000. Jupiter Topco LLC bought a new stake in CoStar Group during the 2nd quarter worth approximately $221,826,000. Norges Bank purchased a new stake in CoStar Group in the 4th quarter worth approximately $476,765,000. Finally, Meritage Group LP purchased a new stake in CoStar Group in the 2nd quarter worth approximately $152,763,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

CSGP stock opened at $32.22 on Monday. The company has a market capitalization of $13.06 billion, a PE ratio of 169.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89. The company's 50 day moving average price is $30.10 and its two-hundred day moving average price is $35.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million during the quarter, compared to analysts' expectations of $928.81 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm's revenue was up 18.4% on a year-over-year basis. 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, analysts predict that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently commented on CSGP shares. Needham & Company LLC reduced their price target on shares of CoStar Group from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the stock a "sector perform" rating in a research report on Monday, July 13th. The Goldman Sachs Group reissued a "buy" rating and set a $40.00 price objective on shares of CoStar Group in a research note on Wednesday, July 29th. BMO Capital Markets restated a "market perform" rating and set a $33.00 target price (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Finally, JPMorgan Chase & Co. decreased their target price on CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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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