698,417 Shares in CoStar Group, Inc. $CSGP Bought by Korea Investment CORP

Korea Investment CORP purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 698,417 shares of the technology company’s stock, valued at approximately $19,779,000.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares during the period. NewEdge Advisors LLC raised its holdings in shares of CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its stake in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the last quarter. Empowered Funds LLC lifted its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after purchasing an additional 10,984 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSGP. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Finally, Citizens Jmp dropped their price target on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Hold” and a consensus target price of $41.61.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 of the company’s stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.18% of the company’s stock.

CoStar Group Price Performance

CSGP opened at $32.26 on Monday. The stock has a fifty day moving average of $29.96 and a 200-day moving average of $36.53. The company has a market capitalization of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.85 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 $91.89. 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 released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the prior year, the company posted $0.17 earnings per share. CoStar Group’s revenue 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, equities analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current year.

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.