Wolf Hill Capital Management LP Invests $824.11 Million in CoStar Group, Inc. $CSGP

Wolf Hill Capital Management LP acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 29,100 shares of the technology company’s stock, valued at approximately $824,112,000. CoStar Group comprises 0.1% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds have also recently modified their holdings of the company. Meritage Group LP acquired a new position in shares of CoStar Group during the second quarter valued at about $152,763,000. OMERS ADMINISTRATION Corp acquired a new stake in CoStar Group in the 2nd quarter worth approximately $5,887,000. Sanctuary Advisors LLC purchased a new stake in CoStar Group during the 2nd quarter worth approximately $1,021,000. Barbara Oil Co. purchased a new stake in CoStar Group during the 2nd quarter worth approximately $948,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CoStar Group during the 2nd quarter worth approximately $33,126,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CSGP. Bank of America decreased their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. BMO Capital Markets reissued a “market perform” rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday. Stephens cut their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Wolfe Research reissued an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.11.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of CoStar Group stock in a transaction that occurred 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 acquisition, the chief executive officer 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 disclosure for this purchase is available in the SEC filing. 1.18% of the stock is owned by corporate insiders.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $32.84 on Tuesday. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89. The business’s 50 day moving average price is $29.98 and its 200 day moving average price is $36.40. 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 $13.31 billion, a P/E ratio of 172.85, a P/E/G ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same period last year, the firm posted $0.17 EPS. CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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, sell-side analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

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.