Ironvine Capital Partners LLC Sells 80,856 Shares of CoStar Group, Inc. $CSGP

Key Points

• Ironvine Capital Partners cut its CoStar Group stake by 21.5% in the second quarter, selling 80,856 shares and retaining 294,475 shares valued at approximately $8.34 million. Institutional investors collectively own 96.6% of the company.
• Analyst sentiment is mixed, with nine Buy, nine Hold and two Sell ratings; the consensus rating is Hold with an average price target of $40.11, despite several firms recently lowering their targets.
• CoStar’s latest quarterly results surpassed earnings expectations, reporting $0.32 in EPS versus $0.29 expected, while revenue rose 18.4% year over year to $925 million. CEO Andrew Florance also purchased 83,300 shares at an average price of $29.89.

Ironvine Capital Partners LLC decreased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,475 shares of the technology company's stock after selling 80,856 shares during the period. Ironvine Capital Partners LLC owned approximately 0.07% of CoStar Group worth $8,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Reflection Asset Management acquired a new position in CoStar Group during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group in the 4th quarter worth $29,000. Transamerica Financial Advisors LLC acquired a new stake in CoStar Group in the 2nd quarter worth $33,000. DV Equities LLC bought a new position in shares of CoStar Group during the 4th quarter worth about $40,000. Finally, IFP Advisors Inc increased its holdings in shares of CoStar Group by 329.4% during 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 during the period. Institutional investors own 96.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSGP. Needham & Company LLC reduced their target price on shares of CoStar Group from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. BTIG Research lowered their price target on CoStar Group from $55.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. Bank of America cut their price target on CoStar Group from $42.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, May 19th. William Blair downgraded CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $40.11.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance bought 83,300 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the transaction, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business'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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.18% of the company's stock.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $31.98 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The firm's 50-day simple moving average is $30.19 and its 200-day simple moving average is $35.62. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. The firm has a market cap of $12.96 billion, a P/E ratio of 168.32, a price-to-earnings-growth ratio of 0.84 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The business 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 firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. 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, research analysts expect that CoStar Group, Inc. will post 1.07 EPS for the current fiscal year.

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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