Sone Capital Management LLC Invests $7.20 Million in CoStar Group, Inc. $CSGP

Key Points

• Sone Capital Management initiated a $7.20 million position in CoStar Group, purchasing 254,096 shares, while institutional investors collectively own 96.60% of the company.
• CoStar reported quarterly EPS of $0.32, beating estimates by $0.03, and revenue increased 18.4% year over year to $925 million. The company issued third-quarter 2026 EPS guidance of $0.31–$0.34.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $40.11; insider activity included a sizable CEO purchase alongside a smaller sale by the chief accounting officer.

Sone Capital Management LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 254,096 shares of the technology company's stock, valued at approximately $7,196,000. Sone Capital Management LLC owned about 0.06% of CoStar Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in shares of CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company's stock valued at $379,000 after acquiring an additional 426 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of CoStar Group by 727.5% during the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company's stock worth $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company's stock worth $1,006,000 after purchasing an additional 11,370 shares in the last quarter. Empowered Funds LLC raised its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company's stock valued at $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP raised its stake in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company's stock valued at $2,821,000 after purchasing an additional 10,984 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

NASDAQ CSGP opened at $32.84 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The stock's fifty day moving average is $29.98 and its two-hundred day moving average is $36.40. The firm has a market capitalization of $13.31 billion, a P/E ratio of 172.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly 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 business 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%.The company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, research analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSGP shares. Bank of America lowered their target price on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a "sector perform" rating in a research report on Monday, July 13th. Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a research note 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, Stephens dropped their price objective on shares of CoStar Group from $50.00 to $42.00 and set an "overweight" rating for the company in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $40.11.

Insider Activity

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 directly owned 18,822 shares of the company's stock, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was 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 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. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is currently owned by company insiders.

CoStar Group 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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