Royal London Asset Management Ltd. Lowers Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• Royal London Asset Management cut its CoStar Group stake by 56.6% in the second quarter, selling 244,476 shares and retaining 187,394 shares valued at approximately $5.3 million. Institutional investors collectively own 96.6% of the company.
• CoStar reported quarterly EPS of $0.32, beating estimates of $0.29, while revenue rose 18.4% year over year to $925 million, slightly below consensus. The company issued third-quarter 2026 EPS guidance of $0.31–$0.34.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $40.11; several firms recently downgraded the shares or reduced targets. CEO Andrew Florance bought 83,300 shares at an average price of $29.89, while the chief accounting officer sold 4,788 shares.

Royal London Asset Management Ltd. cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 56.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 187,394 shares of the technology company's stock after selling 244,476 shares during the period. Royal London Asset Management Ltd.'s holdings in CoStar Group were worth $5,307,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Reflection Asset Management acquired a new stake in shares of CoStar Group during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its stake in CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC acquired a new position in CoStar Group in the third quarter valued at $48,000. Finally, DV Equities LLC purchased a new position in CoStar Group during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $32.07 on Tuesday. The firm has a market capitalization of $12.99 billion, a PE ratio of 168.80, a P/E/G ratio of 0.85 and a beta of 0.72. 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 business has a 50-day moving average of $30.15 and a two-hundred day moving average of $35.73. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. 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. As a group, research analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CSGP shares. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an "underweight" rating in a research note on Wednesday, June 24th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a research note on Wednesday, June 24th. Citigroup lowered shares of CoStar Group from a "market outperform" rating to a "neutral" rating and cut their price objective for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. William Blair cut shares of CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. Finally, Stephens lowered their target price on shares of CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, May 4th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.11.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 83,300 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased 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 represents a 4.83% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.18% of the company's stock.

CoStar Group Company Profile

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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