Pallas Capital Advisors LLC Takes Position in CoStar Group, Inc. $CSGP

Pallas Capital Advisors LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,889 shares of the technology company’s stock, valued at approximately $761,000.

Several other hedge funds have also recently modified their holdings of CSGP. Reflection Asset Management purchased a new stake in CoStar Group during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group in the fourth quarter valued at about $29,000. DV Equities LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at approximately $40,000. IFP Advisors Inc lifted its stake in shares of 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 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 worth $43,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $40.00 price objective on shares of CoStar Group in a research note on Wednesday, July 29th. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Finally, 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. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group has a consensus rating of “Hold” and a consensus price target of $41.61.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance acquired 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired 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 approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.18% of the company’s stock.

CoStar Group Trading Up 0.1%

NASDAQ CSGP opened at $31.38 on Wednesday. The firm’s 50-day moving average is $29.99 and its two-hundred day moving average is $37.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The stock has a market capitalization of $12.72 billion, a P/E ratio of 165.17, a PEG ratio of 0.85 and a beta of 0.72.

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 analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. 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. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

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.