Nykredit A S Makes New Investment in CoStar Group, Inc. $CSGP

Key Points

• Nykredit A/S initiated a CoStar Group position in the second quarter, purchasing 401,475 shares valued at approximately $11.37 million, or about 0.10% of the company. Institutional investors collectively own 96.6% of CoStar’s stock.
• CoStar reported quarterly EPS of $0.32, exceeding the $0.29 analyst consensus, while revenue rose 18.4% year over year to $925 million. The company issued third-quarter and full-year 2026 EPS guidance.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $40.11. CEO Andrew Florance bought $2.49 million of shares, while the chief accounting officer sold approximately $147,000 worth.

Nykredit A S bought a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 401,475 shares of the technology company's stock, valued at approximately $11,370,000. Nykredit A S owned approximately 0.10% of CoStar Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in CoStar Group during the second quarter worth $957,612,000. Bamco Inc. NY purchased a new position in shares of CoStar Group in the 2nd quarter worth approximately $612,470,000. Principal Financial Group Inc. boosted its position in CoStar Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock worth $713,866,000 after purchasing an additional 130,118 shares during the last quarter. Capital International Investors boosted its holdings in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after buying an additional 4,053,456 shares during the last quarter. Finally, Akre Capital Management LLC grew its position in shares of CoStar Group by 3.3% during the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company's stock valued at $646,701,000 after acquiring an additional 311,320 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $29.09 on Monday. The company has a current ratio of 2.21, a quick 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 $89.80. The firm has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $34.15. The firm has a market capitalization of $11.79 billion, a PE ratio of 153.11, a price-to-earnings-growth ratio of 0.74 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, 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 quarter in the prior year, the business earned $0.17 EPS. The business'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 analysts expect that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSGP shares. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an "underweight" rating in a research report on Wednesday, June 24th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a research note on Wednesday, June 24th. Wolfe Research reaffirmed an "outperform" rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price 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. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $40.11.

Insider Activity

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 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Florance purchased 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $29.89 per share, with a total value 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.18% of the company's stock.

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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