Jefferies Financial Group Inc. Acquires Shares of 148,731 CoStar Group, Inc. $CSGP

Jefferies Financial Group Inc. acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 148,731 shares of the technology company's stock, valued at approximately $4,212,000.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of CoStar Group by 83.4% during the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company's stock worth $156,111,000 after buying an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company's stock valued at $16,486,000 after acquiring an additional 122,776 shares during the period. SVB Wealth LLC lifted its position in CoStar Group by 98.3% during the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company's stock worth $4,465,000 after acquiring an additional 32,923 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in CoStar Group by 45.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company's stock worth $74,971,000 after acquiring an additional 348,460 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CoStar Group by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company's stock worth $69,446,000 after acquiring an additional 49,657 shares during the period. Institutional investors own 96.60% of the company's stock.

CoStar Group Price Performance

CSGP stock opened at $32.22 on Friday. The company's 50-day moving average price is $30.10 and its two-hundred day moving average price is $35.97. The firm has a market cap of $13.06 billion, a P/E ratio of 169.59, a P/E/G ratio of 0.82 and a beta of 0.72. 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.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same quarter last year, the business posted $0.17 EPS. The firm's revenue for the quarter 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. On average, analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was purchased 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 of the company's stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSGP. Citigroup lowered CoStar Group from a "market outperform" rating to a "neutral" rating and lowered their target price for the stock from $70.00 to $33.00 in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an "underweight" rating in a research report on Wednesday, June 24th. Benchmark assumed coverage on CoStar Group in a report on Thursday, June 4th. They set a "buy" rating and a $45.00 target price for the company. Wolfe Research reissued an "outperform" rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $40.00 price target on shares of CoStar Group in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source