Diversify Advisory Services LLC Acquires New Holdings in CoStar Group, Inc. $CSGP

Diversify Advisory Services LLC bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,570 shares of the technology company’s stock, valued at approximately $746,000.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in CoStar Group in the 2nd quarter valued at approximately $957,612,000. Bamco Inc. NY boosted its position in CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after acquiring an additional 242,533 shares during the period. State Street Corp grew its stake in shares of CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after purchasing an additional 348,224 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CoStar Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after purchasing an additional 130,118 shares in the last quarter. Finally, Capital International Investors grew its stake in shares of CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CSGP shares. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Citizens Jmp decreased their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Benchmark started coverage on shares of CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Needham & Company LLC dropped their price target on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Nine investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.61.

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 completion of the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is currently owned by corporate insiders.

CoStar Group Stock Down 4.4%

Shares of CSGP stock opened at $32.26 on Friday. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year 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 business’s fifty day moving average is $29.97 and its 200-day moving average is $36.74. The stock has a market cap of $13.07 billion, a PE ratio of 169.80, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.74% and a net margin of 2.08%.The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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 analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

CoStar Group 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.