Key Points
- CoStar Group CAO Cynthia Cammett Cann sold 4,788 shares at an average price of $30.78, generating $147,374.64. The sale reduced her holdings by 20.28%, leaving her with 18,822 shares.
- CoStar reported quarterly EPS of $0.32, beating estimates of $0.29, while revenue rose 18.4% year over year to $925 million, slightly below expectations.
- Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and a consensus price target of $41.61 versus its recent trading price near $31.48.
CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) 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 transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
CoStar Group Trading Up 4.1%
NASDAQ:CSGP opened at $31.48 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $94.95. The company has a market cap of $12.76 billion, a PE ratio of 165.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72. The company has a 50 day simple moving average of $30.23 and a two-hundred day simple moving average of $38.58.
CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The business 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 period in the previous year, the business 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. Research analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CSGP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research report on Thursday, April 30th. William Blair cut shares of CoStar Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the stock a "sector perform" rating in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of CoStar Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $41.61.
Read Our Latest Report on CoStar Group
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Reflection Asset Management purchased a new position in shares of CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC purchased a new stake in shares of CoStar Group in the fourth quarter worth about $40,000. IFP Advisors Inc boosted its stake in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after buying an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 buying an additional 513 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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