CoStar Group, Inc. $CSGP Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 56.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 187,394 shares of the technology company’s stock after selling 244,476 shares during the quarter. Royal London Asset Management Ltd.’s holdings in CoStar Group were worth $5,307,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Mufg Securities Americas Inc. lifted its position in CoStar Group by 4.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock worth $348,000 after acquiring an additional 573 shares in the last quarter. Wellington Management Group LLP boosted its holdings in CoStar Group by 2.4% in the 2nd quarter. Wellington Management Group LLP now owns 50,070 shares of the technology company’s stock worth $1,418,000 after acquiring an additional 1,157 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in CoStar Group in the second quarter valued at approximately $47,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in CoStar Group in the second quarter valued at approximately $59,000. Finally, Rakuten Investment Management Inc. acquired a new stake in CoStar Group in the second quarter valued at approximately $1,995,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew C. Florance bought 83,300 shares of the business’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 purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CSGP shares. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Benchmark initiated 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. Finally, William Blair cut shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. 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 company’s stock. According to MarketBeat, CoStar Group presently has an average rating of “Hold” and a consensus price target of $40.11.

CoStar Group Stock Performance

Shares of CSGP opened at $32.07 on Tuesday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 168.80, a PEG ratio of 0.85 and a beta of 0.72. 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 business’s 50 day moving average is $30.15 and its two-hundred day moving average is $35.73. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business 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 2.08% and a return on equity of 3.74%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

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.