CoStar Group, Inc. $CSGP Shares Newly Purchased by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the third quarter, HoldingsChannel.com reports. The firm purchased 115,536 shares of the technology company’s stock, valued at approximately $3,166,000.

Several other large investors have also recently added to or reduced their stakes in CSGP. Transamerica Financial Advisors LLC acquired a new stake in shares of CoStar Group during the second quarter worth approximately $33,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CoStar Group in the second quarter valued at approximately $47,000. CYBER HORNET ETFs LLC raised its stake in shares of CoStar Group by 50.8% in the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after acquiring an additional 592 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of CoStar Group in the 3rd quarter worth approximately $48,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in CoStar Group during the 2nd quarter worth approximately $59,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of CSGP stock traded down $1.53 during trading hours on Friday, reaching $33.92. 7,392,955 shares of the company were exchanged, compared to its average volume of 5,414,283. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $79.08. The stock’s fifty day moving average is $30.49 and its two-hundred day moving average is $31.80. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 178.54, a P/E/G ratio of 0.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21.

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, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. 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 business 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. Sell-side analysts forecast that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSGP. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. Keefe, Bruyette & Woods lowered CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $41.00 to $29.00 in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and set a $40.00 target price on shares of CoStar Group in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Hold” and a consensus target price of $40.11.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the 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 transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Florance bought 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, 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. 1.18% of the stock is currently owned by company insiders.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.