Engineers Gate Manager LP Invests $2.77 Million in CoStar Group, Inc. $CSGP

Engineers Gate Manager LP acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 97,924 shares of the technology company’s stock, valued at approximately $2,773,000.

A number of other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in CoStar Group by 107.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,173 shares of the technology company’s stock worth $486,000 after buying an additional 8,890 shares during the period. NewEdge Advisors LLC grew its stake in shares of CoStar Group by 2,266.3% during the second quarter. NewEdge Advisors LLC now owns 11,879 shares of the technology company’s stock valued at $336,000 after acquiring an additional 11,377 shares in the last quarter. IFP Advisors Inc grew its stake in shares of CoStar Group by 146.9% during the second quarter. IFP Advisors Inc now owns 3,968 shares of the technology company’s stock valued at $112,000 after acquiring an additional 2,361 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of CoStar Group by 9.6% during the second quarter. Baird Financial Group Inc. now owns 11,769 shares of the technology company’s stock worth $333,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of CoStar Group by 281.9% during the second quarter. Allworth Financial LP now owns 13,582 shares of the technology company’s stock worth $385,000 after acquiring an additional 10,026 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP stock opened at $31.52 on Tuesday. 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, Inc. has a one year low of $25.89 and a one year high of $90.72. The company’s 50-day simple moving average is $30.42 and its 200-day simple moving average is $34.57. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 165.90, a PEG ratio of 0.78 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period last year, the firm earned $0.17 earnings per share. The company’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. Equities analysts anticipate that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance purchased 83,300 shares of the company’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 transaction, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSGP has been the subject of a number of analyst reports. BTIG Research reduced their price target on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Needham & Company LLC cut their target price on CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.11.

CoStar Group Company Profile

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar’s portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.