Stock Traders Buy High Volume of Call Options on CoStar Group (NASDAQ:CSGP)

Key Points

• Unusual options activity: Traders purchased 13,936 CoStar Group call options, roughly 616% above the typical daily volume of 1,946 contracts.
• Insider buying: CEO Andrew C. Florance bought 83,300 shares at an average price of $29.89, increasing his direct ownership by 4.83%.
• Mixed market outlook: CoStar shares rose 4.2% to $30.82, while analysts maintained a consensus “Hold” rating and lowered the average price target to $41.61; the company recently beat quarterly EPS estimates and reported 18.4% year-over-year revenue growth.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock traders bought 13,936 call options on the stock. This is an increase of approximately 616% compared to the typical daily volume of 1,946 call options.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance acquired 83,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. The trade was 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 the SEC website. 1.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

Institutional investors have recently modified their holdings of the company. Reflection Asset Management acquired a new position in CoStar Group in the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in CoStar Group by 25,650.0% during the third 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 during the period. JPL Wealth Management LLC bought a new stake in CoStar Group during the third quarter valued at about $48,000. Finally, DV Equities LLC bought a new stake in CoStar Group during the fourth quarter valued at about $40,000. Institutional investors own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CSGP shares. Bank of America dropped their price target on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Keefe, Bruyette & Woods lowered CoStar Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. William Blair lowered shares of CoStar Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 29th. BTIG Research cut their price objective on CoStar Group from $55.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, July 29th. Finally, Stephens reduced their target price 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 research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CoStar Group has an average rating of "Hold" and a consensus target price of $41.61.

CoStar Group Stock Up 4.2%

Shares of NASDAQ:CSGP traded up $1.24 on Friday, reaching $30.82. The company had a trading volume of 1,617,927 shares, compared to its average volume of 7,273,981. The stock has a market capitalization of $12.49 billion, a P/E ratio of 162.20, a P/E/G ratio of 0.79 and a beta of 0.72. The stock has a 50-day moving average price of $30.32 and a 200 day moving average price of $39.05. CoStar Group has a twelve month low of $25.89 and a twelve month high of $96.27. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating 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 business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same quarter in the prior year, the firm posted $0.17 EPS. The firm's revenue for the quarter 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. On average, equities analysts expect that CoStar Group will post 1.06 EPS for the current 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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