Andrew Florance Buys 83,300 Shares of CoStar Group (NASDAQ:CSGP) Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew Florance purchased 83,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CoStar Group Trading Down 2.1%

CSGP stock opened at $29.58 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $97.12. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 155.69, a price-to-earnings-growth ratio of 0.79 and a beta of 0.72. The firm’s fifty day simple moving average is $30.32 and its two-hundred day simple moving average is $39.05.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The business 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%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. 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. As a group, analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on CSGP shares. Citizens Jmp dropped their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 29th. 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. Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Bank of America dropped their price objective on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, Needham & Company LLC cut their price objective 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. Nine 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 a consensus target price of $41.61.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently modified their holdings of CSGP. Simplicity Wealth LLC purchased a new stake in shares of CoStar Group in the second quarter valued at approximately $338,000. Global Retirement Partners LLC bought a new stake in CoStar Group during the 2nd quarter valued at $126,000. Fielder Capital Group LLC purchased a new stake in shares of CoStar Group in the 2nd quarter worth $475,000. Bank of New York Mellon Corp bought a new position in CoStar Group during the 2nd quarter worth about $56,793,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of CoStar Group during the second quarter valued at approximately $547,000. Institutional investors own 96.60% 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.