Ieq Capital LLC Takes $9.96 Million Position in CoStar Group, Inc. $CSGP

Key Points

• Ieq Capital LLC acquired 351,667 CoStar Group shares during the second quarter, valued at approximately $9.96 million and representing about 0.09% of the company. Institutional investors and hedge funds collectively own 96.6% of CSGP.
• CoStar reported quarterly EPS of $0.32, exceeding the $0.29 consensus estimate, while revenue reached $925 million, up 18.4% year over year but slightly below expectations. The stock opened at $32.26, well below its 52-week high of $91.89.
• Analyst sentiment is mixed, with nine Buy, nine Hold and two Sell ratings; the average rating is Hold and the average price target is $41.61. CEO Andrew Florance also purchased 83,300 shares worth about $2.49 million, while the chief accounting officer sold 4,788 shares.

Ieq Capital LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 351,667 shares of the technology company's stock, valued at approximately $9,959,000. Ieq Capital LLC owned approximately 0.09% of CoStar Group as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Reflection Asset Management acquired a new stake in CoStar Group in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $40,000. IFP Advisors Inc raised its holdings in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock worth $41,000 after purchasing an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock worth $43,000 after purchasing an additional 513 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

CSGP stock opened at $32.26 on Friday. 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 firm has a market capitalization 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. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89. The company's 50 day simple moving average is $29.96 and its 200-day simple moving average is $36.71.

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 for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for 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%. The company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Stephens cut their price objective on CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, May 4th. BTIG Research reduced their price objective on CoStar Group from $55.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Finally, Citizens Jmp decreased their target price on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.61.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm'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 approximately $579,341.16. This trade represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.18% of the company's stock.

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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