National Pension Service Has $1.20 Million Position in CoStar Group, Inc. $CSGP

Key Points

• National Pension Service sharply reduced its CoStar Group stake by 94% in the second quarter, selling 660,437 shares and retaining 42,241 shares valued at approximately $1.20 million. Institutional investors collectively own 96.6% of the company.
• CoStar Group reported quarterly EPS of $0.32, exceeding the $0.29 analyst consensus, while revenue rose 18.4% year over year to $925 million, slightly below estimates. The company issued third-quarter 2026 EPS guidance of $0.31–$0.34.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $40.11 versus the stock’s recent price near $30.46. CEO Andrew Florance separately bought 83,300 shares worth about $2.49 million.

National Pension Service cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 94.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,241 shares of the technology company's stock after selling 660,437 shares during the quarter. National Pension Service's holdings in CoStar Group were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Reflection Asset Management bought a new stake in CoStar Group during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group in the 4th quarter valued at about $29,000. Transamerica Financial Advisors LLC bought a new position in shares of CoStar Group in the second quarter worth about $33,000. DV Equities LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $40,000. Finally, IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the fourth 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. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $30.46 on Monday. 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 stock has a market cap of $12.34 billion, a price-to-earnings ratio of 160.32, a P/E/G ratio of 0.78 and a beta of 0.75. The company has a 50 day moving average of $30.36 and a 200-day moving average of $34.69. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $90.72.

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 for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm's quarterly 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. On average, sell-side analysts forecast that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Bank of America dropped their price objective on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. William Blair downgraded CoStar Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. BMO Capital Markets reiterated a "market perform" rating and issued a $33.00 price objective (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Finally, BTIG Research lowered their target price 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. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, CoStar Group presently has a consensus rating of "Hold" and a consensus price target of $40.11.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance purchased 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 directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were 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 owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is currently owned by company insiders.

About CoStar Group

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar's portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.

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