Odyssean LLC Invests $2.56 Million in CoStar Group, Inc. $CSGP

Odyssean LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 90,524 shares of the technology company’s stock, valued at approximately $2,564,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of CoStar Group by 83.4% during the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after acquiring an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after purchasing an additional 122,776 shares during the period. SVB Wealth LLC lifted its stake in shares of CoStar Group by 98.3% in the 4th quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock valued at $4,465,000 after purchasing an additional 32,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CoStar Group by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock valued at $69,446,000 after purchasing an additional 49,657 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of CoStar Group by 45.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock valued at $74,971,000 after purchasing an additional 348,460 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 issued reports on CSGP. Needham & Company LLC decreased their price objective on CoStar Group from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citigroup downgraded shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Benchmark assumed coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price target for the company. Finally, KeyCorp set a $33.00 price target on shares of CoStar Group in a research report on Monday, August 24th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CoStar Group currently has an average rating of “Hold” and an average target price of $40.11.

CoStar Group Price Performance

CSGP opened at $30.91 on Friday. The firm has a market cap of $12.52 billion, a PE ratio of 162.69, a P/E/G ratio of 0.81 and a beta of 0.75. The stock has a 50-day moving average price of $30.29 and a 200-day moving average price of $35.40. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million for 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%. CoStar Group’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Florance acquired 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.18% of the company’s stock.

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.