Oppenheimer Asset Management Inc. Makes New Investment in CoStar Group, Inc. $CSGP

Oppenheimer Asset Management Inc. bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 265,401 shares of the technology company’s stock, valued at approximately $7,516,000. Oppenheimer Asset Management Inc. owned about 0.07% of CoStar Group at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CSGP. Reflection Asset Management purchased a new stake in shares of CoStar Group during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. JPL Wealth Management LLC purchased a new position in CoStar Group in the 3rd quarter valued at $48,000. Finally, DV Equities LLC purchased a new position in CoStar Group in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Down 2.0%

Shares of CoStar Group stock opened at $32.38 on Friday. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 170.43, a PEG ratio of 0.87 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a 50 day moving average of $30.08 and a 200 day moving average of $37.82.

CoStar Group (NASDAQ:CSGP) last posted its 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. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. 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 predict that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost 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 of the company’s stock, valued at $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of research reports. Needham & Company LLC dropped their target price on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Benchmark started coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price target on the stock. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Wolfe Research restated an “outperform” rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, Stephens dropped their price objective 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 investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.