Nykredit A S Invests $4.34 Million in CoStar Group, Inc. $CSGP

Nykredit A S purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 153,356 shares of the technology company’s stock, valued at approximately $4,343,000.

Several other hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after purchasing an additional 426 shares in the last quarter. NewEdge Advisors LLC lifted its stake in CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 11,370 shares during the last quarter. Empowered Funds LLC lifted its position in shares of CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP boosted its position in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $30.91 on Monday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market cap of $12.52 billion, a PE ratio of 162.69, a P/E/G ratio of 0.79 and a beta of 0.75. The business has a 50-day moving average price of $30.29 and a 200 day moving average price of $35.33. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $925.00 million for 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 business’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. Sell-side analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CSGP. Citizens Jmp lowered their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a 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. Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Benchmark assumed coverage on shares of CoStar Group in a report on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.11.

Insider Buying and Selling

In other news, CEO Andrew Florance bought 83,300 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was a 4.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is owned by corporate insiders.

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.