Stock Traders Buy High Volume of Call Options on CoStar Group (NASDAQ:CSGP)

CoStar Group, Inc. (NASDAQ:CSGP) was the recipient of some unusual options trading on Friday. Investors acquired 13,936 call options on the stock. This represents an increase of approximately 616% compared to the average daily volume of 1,946 call options.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance bought 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 of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CoStar Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. United Capital Financial Advisors LLC lifted its holdings in CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after buying an additional 167 shares during the period. Man Group plc grew its holdings in shares of CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after acquiring an additional 177 shares during the period. Norinchukin Bank The raised its position in shares of CoStar Group by 0.5% in the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 184 shares in the last quarter. Keel Point LLC raised its position in shares of CoStar Group by 6.4% in the 2nd quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after acquiring an additional 231 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of CoStar Group by 1.8% in the 4th quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock valued at $947,000 after purchasing an additional 247 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

CoStar Group stock traded up $1.24 during trading hours on Friday, hitting $30.82. The stock had a trading volume of 1,617,927 shares, compared to its average volume of 7,273,981. The company has a 50-day moving average of $30.32 and a two-hundred day moving average of $39.05. 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 has a fifty-two week low of $25.89 and a fifty-two week high of $96.27. The company has a market cap of $12.49 billion, a PE ratio of 162.20, a price-to-earnings-growth ratio of 0.79 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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 analyst estimates 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 for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities research analysts anticipate that CoStar Group will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSGP shares. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $40.00 target price on shares of CoStar Group in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a “sector perform” rating in a research note on Monday, July 13th. Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” 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 given a Sell rating to the company. According to MarketBeat.com, CoStar Group currently has an average rating of “Hold” and an average price target of $41.61.

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.