Sone Capital Management LLC Acquires New Holdings in CoStar Group, Inc. $CSGP

Sone Capital Management LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 254,096 shares of the technology company’s stock, valued at approximately $7,196,000.

Several other hedge funds also recently bought and sold shares of CSGP. Barclays PLC raised its position in CoStar Group by 83.4% in the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after purchasing an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of CoStar Group by 100.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after buying an additional 122,776 shares in the last quarter. SVB Wealth LLC raised its holdings 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 buying an additional 32,923 shares during the period. Stephens Investment Management Group LLC lifted its stake in CoStar Group by 45.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock worth $74,971,000 after acquiring an additional 348,460 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CoStar Group by 4.9% during the 4th 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 acquiring an additional 49,657 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wolfe Research reiterated an “outperform” rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. dropped their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 target price (up from $31.00) on shares of CoStar Group in a research note on Monday. Finally, Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. Nine equities research 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. According to data from MarketBeat, CoStar Group currently has an average rating of “Hold” and an average price target of $40.11.

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. The trade was 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 through this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is currently owned by corporate insiders.

CoStar Group Trading Up 1.8%

CSGP opened at $32.84 on Tuesday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 172.85, a PEG ratio of 0.85 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day moving average price of $29.98 and a 200 day moving average price of $36.40.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping 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 return on equity of 3.74% and a net margin of 2.08%.CoStar Group’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 expect that CoStar Group, Inc. will post 1.06 earnings per share 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.