Petrus Trust Company LTA Invests $21.42 Million in CoStar Group, Inc. $CSGP

Petrus Trust Company LTA bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 756,200 shares of the technology company’s stock, valued at approximately $21,416,000. CoStar Group makes up approximately 2.0% of Petrus Trust Company LTA’s investment portfolio, making the stock its 20th biggest position. Petrus Trust Company LTA owned 0.19% of CoStar Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in CoStar Group during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group in the 4th quarter valued at $29,000. DV Equities LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at $40,000. IFP Advisors Inc lifted its holdings in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after acquiring an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $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

Several analysts recently issued reports on CSGP shares. Wolfe Research reiterated an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. BTIG Research decreased their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Citizens Jmp lowered their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Nine investment 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’s stock. According to MarketBeat.com, CoStar Group has a consensus rating of “Hold” and an average price target of $40.11.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $32.14 on Thursday. 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 firm has a 50-day moving average of $30.03 and a two-hundred day moving average of $36.13. The stock has a market cap of $13.02 billion, a P/E ratio of 169.17, a PEG ratio of 0.86 and a beta of 0.72. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $91.89.

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, 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 for the quarter, compared to analyst estimates of $928.81 million. During the same period in the previous year, the company 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. On average, research analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought 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 directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is owned by insiders.

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.