CoStar Group (NASDAQ:CSGP) CAO Sells 4,788 Shares

CoStar Group, Inc. (NASDAQ:CSGP) CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CoStar Group Price Performance

CSGP traded up $1.24 on Monday, reaching $31.48. The company had a trading volume of 5,860,550 shares, compared to its average volume of 7,295,899. The company has a market capitalization of $12.76 billion, a P/E ratio of 165.69, a PEG ratio of 0.80 and a beta of 0.72. 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 has a fifty day moving average of $30.28 and a 200-day moving average of $38.81. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $94.95.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for 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%. CoStar Group’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous 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, equities research analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Institutional Trading of CoStar Group

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of CoStar Group by 83.4% in the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after acquiring an additional 1,055,584 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in CoStar Group by 100.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after purchasing an additional 122,776 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in CoStar Group by 22.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock worth $14,127,000 after purchasing an additional 38,715 shares during the period. Baillie Gifford & Co. grew its holdings in CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after purchasing an additional 4,691,543 shares during the last quarter. Finally, SVB Wealth LLC grew its holdings in CoStar Group by 98.3% during the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock valued at $4,465,000 after purchasing an additional 32,923 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research analyst reports. Wells Fargo & Company set a $26.00 target price on CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $33.00 in a research note on Wednesday, July 29th. Bank of America decreased their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Robert W. Baird set a $34.00 target price on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.61.

About CoStar Group

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.