Tidal Investments LLC Boosts Stake in CoStar Group, Inc. $CSGP

Key Points

• Tidal Investments increased its CoStar Group stake by 176.9% in the second quarter, bringing its holdings to 68,552 shares valued at approximately $1.94 million. Institutional investors collectively own 96.6% of the company.
• CoStar Group beat quarterly earnings expectations with EPS of $0.32 versus the $0.29 consensus, while revenue rose 18.4% year over year to $925 million. The company provided 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, compared with shares trading near $30.36. CEO Andrew Florance also purchased 83,300 shares, while the chief accounting officer sold 4,788 shares.

Tidal Investments LLC increased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 176.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,552 shares of the technology company's stock after purchasing an additional 43,798 shares during the quarter. Tidal Investments LLC's holdings in CoStar Group were worth $1,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Reflection Asset Management purchased a new stake in CoStar Group in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group during the 4th quarter valued at about $29,000. Transamerica Financial Advisors LLC purchased a new position in shares of CoStar Group during the 2nd quarter valued at about $33,000. IFP Advisors Inc grew its stake in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after acquiring an additional 471 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $47,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance acquired 83,300 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares of the company's stock, valued at $579,341.16. This 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 Stock Performance

Shares of NASDAQ CSGP opened at $30.36 on Thursday. 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 company has a market cap of $12.30 billion, a P/E ratio of 159.80, a P/E/G ratio of 0.80 and a beta of 0.75. The firm's fifty day moving average is $30.48 and its two-hundred day moving average is $34.37. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $90.72.

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, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business's revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts anticipate that CoStar Group, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of recent analyst reports. Citizens Jmp decreased their target price on shares of CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 29th. William Blair downgraded shares of CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. KeyCorp set a $33.00 price target on CoStar Group in a report on Monday, August 24th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a research note on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $40.11.

CoStar Group Profile

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar's portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.