CoStar Group (NASDAQ:CSGP) CEO Purchases $2,489,837.00 in Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew Florance purchased 83,300 shares of the firm’s 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 completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CoStar Group Stock Up 2.2%

CSGP stock opened at $30.24 on Friday. The stock has a market cap of $12.25 billion, a P/E ratio of 159.17, a P/E/G ratio of 0.78 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $30.28 and its two-hundred day simple moving average is $38.99. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $96.27.

CoStar Group (NASDAQ:CSGP) last announced 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 during the quarter, compared to analyst estimates 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 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. Analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current year.

Hedge Funds Weigh In On CoStar Group

Large investors have recently modified their holdings of the business. Reflection Asset Management bought a new position in CoStar Group in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in CoStar Group during the 4th quarter valued at $29,000. DV Equities LLC bought a new stake in CoStar Group during the 4th quarter valued at $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after acquiring an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CSGP. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a “sector perform” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Bank of America lowered their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Stephens dropped their price objective on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Finally, Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.61.

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.