Key Points
- CoStar CEO Andrew Florance bought 83,300 shares at an average price of $29.89, investing approximately $2.49 million and increasing his stake by 4.83% to 1.81 million shares.
- CoStar’s latest quarterly results exceeded expectations on earnings, with EPS of $0.32 versus the $0.29 consensus estimate, while revenue rose 18.4% year over year to $925 million but slightly missed forecasts.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $41.61; several firms recently lowered their targets, while institutional investors own 96.6% of the stock.
CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CEO Andrew Florance acquired 83,300 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the purchase, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
CoStar Group Price Performance
Shares of CoStar Group stock opened at $30.21 on Thursday. The firm has a market cap of $12.24 billion, a P/E ratio of 159.01, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72. The firm's 50-day simple moving average is $30.38 and its 200-day simple moving average is $39.31. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $97.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21.
CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. 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 expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.
Institutional Investors Weigh In On CoStar Group
A number of large investors have recently bought and sold shares of CSGP. Integrated Wealth Concepts LLC grew its holdings in shares of CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company's stock worth $379,000 after purchasing an additional 426 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company's stock valued at $117,000 after buying an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp lifted its position in CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company's stock worth $1,006,000 after buying an additional 11,370 shares in the last quarter. Empowered Funds LLC lifted its position in CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company's stock worth $629,000 after buying an additional 666 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company's stock worth $2,821,000 after acquiring an additional 10,984 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on CSGP. Citizens Jmp cut their target price on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 29th. Bank of America lowered their price target on CoStar Group from $42.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. William Blair cut CoStar Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods downgraded shares of 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 research note 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 on the stock in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.61.
View Our Latest Analysis on CoStar Group
CoStar Group Company Profile
(
Get Free Report)
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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