Insider Buying: CoStar Group (NASDAQ:CSGP) CEO Acquires 83,300 Shares

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew Florance bought 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost 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 approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CoStar Group Trading Up 1.0%

NASDAQ:CSGP traded up $0.31 on Wednesday, reaching $30.13. 1,320,491 shares of the stock traded hands, compared to its average volume of 7,272,281. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 158.59, a price-to-earnings-growth ratio of 0.79 and a beta of 0.72. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $97.40. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $30.42 and its 200-day moving average is $39.54.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities research analysts anticipate that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Institutional Trading of CoStar Group

Several hedge funds have recently modified their holdings of the business. Reflection Asset Management purchased a new position in CoStar Group in the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the fourth quarter valued at about $29,000. DV Equities LLC purchased a new stake in CoStar Group during the fourth quarter worth about $40,000. IFP Advisors Inc grew its position in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of 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 acquiring an additional 513 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSGP has been the topic of several research analyst reports. Citizens Jmp cut 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Stephens reduced their price target on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.61.

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.