CoStar Group, Inc. $CSGP Shares Sold by Spyglass Capital Management LLC

Spyglass Capital Management LLC decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 29.6% during the 1st quarter, Holdings Channel reports. The fund owned 1,111,224 shares of the technology company’s stock after selling 467,225 shares during the quarter. CoStar Group comprises about 3.2% of Spyglass Capital Management LLC’s holdings, making the stock its 19th biggest position. Spyglass Capital Management LLC’s holdings in CoStar Group were worth $44,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CSGP. Reflection Asset Management acquired a new stake in CoStar Group in the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group during the 4th quarter worth approximately $29,000. DV Equities LLC acquired a new position in CoStar Group during the 4th quarter worth approximately $40,000. IFP Advisors Inc raised its stake in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of 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 buying an additional 513 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

More CoStar Group News

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q2 earnings beat estimates: CoStar reported adjusted earnings of $0.32 per share, above the $0.28-$0.29 consensus range and up from $0.17 a year earlier. Revenue rose 18.4% year over year to $925 million, while net income increased sharply and adjusted EBITDA more than doubled. CoStar Group Q2 earnings beat estimates
• Positive Sentiment: Profitability improved: Management characterized the quarter as a profitability inflection, supported by strong revenue growth, higher margins and $69 million in net new bookings, up 3% from the first quarter. CoStar Group Q2 2026 results
• Positive Sentiment: Full-year EPS outlook topped expectations: CoStar raised or reiterated 2026 EPS guidance at $1.32-$1.39, above the $1.29 analyst consensus, reinforcing the case for continued earnings growth.
• Neutral Sentiment: Some of the recent strength preceded the earnings release, reflecting investor anticipation, bargain hunting after a steep pullback and reported insider purchases. These factors may have supported sentiment but are less concrete than operating results.
• Negative Sentiment: Near-term guidance disappointed: CoStar forecast third-quarter EPS of $0.31-$0.34 versus the $0.36 consensus, and revenue of $935-$945 million versus expectations of approximately $970 million. Full-year revenue guidance of $3.7-$3.8 billion also came in at or below consensus, potentially limiting the stock’s upside.

Analysts Set New Price Targets

Several analysts have recently commented on CSGP shares. JPMorgan Chase & Co. reduced their price target on CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.50.

CoStar Group Price Performance

CoStar Group stock opened at $30.33 on Wednesday. The firm has a market capitalization of $12.39 billion, a PE ratio of 505.58, a P/E/G ratio of 0.75 and a beta of 0.74. CoStar Group, Inc. has a 52 week low of $26.68 and a 52 week high of $97.43. The firm’s 50-day simple moving average is $30.83 and its 200 day simple moving average is $40.64. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results 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 firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period 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. On average, equities research analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 71,430 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

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.