Quantbot Technologies LP bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,491 shares of the technology company's stock, valued at approximately $1,770,000.
Other hedge funds have also recently made changes to their positions in the company. Evolve Private Wealth LLC purchased a new stake in CoStar Group during the 2nd quarter valued at about $458,000. Korea Investment CORP purchased a new position in shares of CoStar Group in the second quarter worth about $19,779,000. Ieq Capital LLC purchased a new position in shares of CoStar Group in the second quarter worth about $9,959,000. Callan Family Office LLC purchased a new position in shares of CoStar Group in the second quarter worth about $333,000. Finally, Allworth Financial LP acquired a new stake in shares of CoStar Group during the second quarter worth about $385,000. 96.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Wall Street Zen lowered CoStar Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wolfe Research reissued an "outperform" rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Citigroup cut shares of CoStar Group from a "market outperform" rating to a "neutral" rating and decreased their price objective for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Bank of America decreased 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 note on Tuesday, May 19th. Finally, Keefe, Bruyette & Woods downgraded shares of CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Nine 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $40.11.
Check Out Our Latest Report on CSGP
Insider Buying and Selling
In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's 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 sale, the chief accounting officer owned 18,822 shares of the company's stock, valued at $579,341.16. This trade represents a 20.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the business's stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is owned by company insiders.
CoStar Group Stock Performance
Shares of CSGP stock opened at $32.84 on Tuesday. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89. 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 stock has a market cap of $13.31 billion, a PE ratio of 172.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The business has a 50-day simple moving average of $29.98 and a 200-day simple moving average of $36.40.
CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.CoStar Group's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current year.
About CoStar Group
(
Free Report)
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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