CoStar Group, Inc. $CSGP Stock Position Lowered by NEOS Investment Management LLC

NEOS Investment Management LLC decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 54.6% in the second quarter, HoldingsChannel reports. The firm owned 165,566 shares of the technology company’s stock after selling 199,135 shares during the period. NEOS Investment Management LLC’s holdings in CoStar Group were worth $4,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its stake in CoStar Group by 9.8% during the 1st 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 during the period. NewEdge Advisors LLC boosted its position in shares of 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 buying an additional 1,295 shares during the period. Jones Financial Companies Lllp boosted its position in shares of CoStar Group by 860.7% in the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after buying an additional 11,370 shares during the period. Empowered Funds LLC grew its holdings 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 valued at $629,000 after buying an additional 666 shares in the last quarter. Finally, Woodline Partners LP raised its position in CoStar Group by 44.6% during the first 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSGP. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. KeyCorp set a $33.00 target price on CoStar Group in a report on Monday, August 24th. Needham & Company LLC reduced their price target on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Benchmark started coverage on shares of CoStar Group in a report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.11.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 83,300 shares of CoStar Group stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction that occurred on 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. This represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.18% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $30.91 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The business has a fifty day simple moving average of $30.29 and a 200 day simple moving average of $35.33. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 162.69, a P/E/G ratio of 0.79 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.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 firm earned $0.17 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that CoStar Group, Inc. will post 1.07 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.