Deutsche Bank AG Makes New Investment in CoStar Group, Inc. $CSGP

Deutsche Bank AG bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,264,379 shares of the technology company’s stock, valued at approximately $64,127,000.

A number of other large investors have also made changes to their positions in CSGP. Bamco Inc. NY boosted its stake in CoStar Group by 1.3% during the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after buying an additional 242,533 shares during the last quarter. State Street Corp increased its stake in shares of CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after acquiring an additional 348,224 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after acquiring an additional 130,118 shares during the period. Capital International Investors raised its holdings in shares of CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares during the period. Finally, Akre Capital Management LLC boosted its position in shares of CoStar Group by 3.3% during the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company’s stock valued at $646,701,000 after acquiring an additional 311,320 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSGP. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Stephens dropped their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. BTIG Research cut their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research report on Thursday, April 30th. Nine investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.61.

CoStar Group Stock Performance

Shares of CSGP stock opened at $32.26 on Friday. The firm’s 50 day moving average price is $29.97 and its 200-day moving average price is $36.74. 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 $91.89. The firm has a market cap of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.89 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last posted 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. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. 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, equities research analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’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 sale, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, 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 SEC filing for this purchase provides additional information. Company insiders own 1.18% 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.