Red Spruce Capital LLC Has $2.17 Million Holdings in CoStar Group, Inc. $CSGP

Red Spruce Capital LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 101.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,448 shares of the technology company's stock after purchasing an additional 38,413 shares during the period. Red Spruce Capital LLC's holdings in CoStar Group were worth $2,165,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. United Capital Financial Advisors LLC raised its stake in shares of CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company's stock valued at $637,000 after buying an additional 167 shares in the last quarter. Man Group plc boosted its position in shares of CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company's stock valued at $834,000 after acquiring an additional 177 shares in the last quarter. Norinchukin Bank The boosted its position in shares of CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company's stock valued at $2,998,000 after acquiring an additional 184 shares in the last quarter. Keel Point LLC increased its stake in CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company's stock valued at $308,000 after acquiring an additional 231 shares during the period. Finally, Horizon Investments LLC increased its stake in CoStar Group by 1.8% in the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company's stock valued at $947,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 83,300 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.18% of the company's stock.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $29.58 on Friday. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 155.69, a P/E/G ratio of 0.79 and a beta of 0.72. The firm's 50-day moving average price is $30.32 and its two-hundred day moving average price is $39.05. 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 1-year low of $25.89 and a 1-year high of $97.12.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced 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. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the business earned $0.17 EPS. CoStar Group's revenue was up 18.4% compared to the same quarter last year. 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 predict that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CSGP shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $40.00 price objective on shares of CoStar Group in a research note on Wednesday, July 29th. Citizens Jmp cut their target price on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 price target on CoStar Group and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Citigroup cut CoStar Group from a "market outperform" rating to a "neutral" rating and lowered their price target for the company from $70.00 to $33.00 in a research report on Wednesday, July 29th. Finally, Bank of America dropped their price objective on CoStar Group from $42.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of "Hold" and a consensus price target of $41.61.

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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