Sanctuary Advisors LLC Buys Shares of 36,059 CoStar Group, Inc. $CSGP

Key Points

• Sanctuary Advisors initiated a CoStar Group position by purchasing 36,059 shares valued at approximately $1.02 million. Institutional investors collectively own 96.6% of the company.
• Analyst sentiment is mixed, with nine Buy, nine Hold and two Sell ratings; the consensus rating is Hold, with an average price target of $40.11.
• CoStar exceeded quarterly EPS expectations, reporting $0.32 versus $0.29 forecast, while revenue rose 18.4% year over year to $925 million. CEO Andrew Florance also bought 83,300 shares, while the chief accounting officer sold 4,788 shares.

Sanctuary Advisors LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,059 shares of the technology company's stock, valued at approximately $1,021,000.

Other hedge funds have also recently modified their holdings of the company. Reflection Asset Management bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group in the fourth quarter worth approximately $29,000. DV Equities LLC purchased a new stake in CoStar Group during the fourth quarter worth $40,000. IFP Advisors Inc lifted its holdings in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock worth $41,000 after buying an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock valued at $43,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CSGP shares. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a report on Thursday, April 30th. Wolfe Research restated an "outperform" rating and set a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Weiss Ratings reiterated a "sell (d)" rating on shares of CoStar Group in a report on Wednesday, June 24th. Wall Street Zen lowered shares of CoStar Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, KeyCorp set a $33.00 price target on shares of CoStar Group in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Hold" and an average price target of $40.11.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the company'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 transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was 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 currently owned by company insiders.

CoStar Group Stock Performance

Shares of CSGP opened at $31.34 on Friday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The stock has a fifty day moving average price of $30.05 and a 200-day moving average price of $36.00. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market cap of $12.70 billion, a PE ratio of 164.96, a P/E/G ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $928.81 million. During the same quarter last year, the firm earned $0.17 EPS. The business's quarterly revenue 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 predict that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

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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