Pacer Advisors Inc. Sells 17,238 Shares of CoStar Group, Inc. $CSGP

Pacer Advisors Inc. trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 26.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 47,092 shares of the technology company’s stock after selling 17,238 shares during the period. Pacer Advisors Inc.’s holdings in CoStar Group were worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSGP. Reflection Asset Management bought a new stake in shares of CoStar Group in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new position in CoStar Group during the 4th quarter worth approximately $29,000. DV Equities LLC bought a new position in CoStar Group during the 4th quarter worth approximately $40,000. IFP Advisors Inc increased its stake in CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares during the period. 96.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of analyst reports. Citigroup lowered CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a report on Thursday, April 30th. Benchmark began 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 for the company. BTIG Research dropped their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.61.

CoStar Group Trading Up 2.2%

NASDAQ CSGP opened at $30.24 on Friday. The stock has a market cap of $12.25 billion, a P/E ratio of 159.17, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $96.27. The stock has a 50 day simple moving average of $30.28 and a two-hundred day simple moving average of $38.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost 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 $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by company insiders.

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.