Nykredit A S Invests $4.34 Million in CoStar Group, Inc. $CSGP

Key Points

• Nykredit A/S initiated a $4.34 million position in CoStar Group by purchasing 153,356 shares during the second quarter. Hedge funds and other institutional investors collectively own 96.6% of the company.
• CoStar Group reported quarterly EPS of $0.32, exceeding the $0.29 consensus estimate, while revenue rose 18.4% year over year to $925 million but fell slightly short of expectations.
• CEO Andrew Florance bought approximately $2.49 million of CoStar shares, while analysts remain mixed: the stock has a consensus “Hold” rating and an average price target of $40.11 versus its reported price of $30.91.

Nykredit A S bought a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 153,356 shares of the technology company's stock, valued at approximately $4,343,000.

Other hedge funds also recently made changes to their positions in the company. Reflection Asset Management purchased a new position in CoStar Group during the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group in the 4th quarter worth $29,000. Transamerica Financial Advisors LLC bought a new position in CoStar Group in the second quarter valued at $33,000. DV Equities LLC bought a new position in shares of CoStar Group during the 4th quarter valued at about $40,000. Finally, IFP Advisors Inc grew its position in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after acquiring an additional 471 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Price Performance

CSGP opened at $30.91 on Monday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 162.69, a PEG ratio of 0.79 and a beta of 0.75. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $30.29 and a 200-day moving average price of $35.33. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period last year, the business posted $0.17 EPS. The company'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. Equities research analysts forecast that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance acquired 83,300 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent research reports. Needham & Company LLC reduced their price objective on CoStar Group from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods downgraded shares of CoStar Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued a "buy" rating and issued a $40.00 target price on shares of CoStar Group in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of "Hold" and a consensus price target of $40.11.

About CoStar Group

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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