PensionDanmark Pensionsforsikringsaktieselskab Has $1.12 Million Stock Position in CoStar Group, Inc. $CSGP

PensionDanmark Pensionsforsikringsaktieselskab reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 71.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 39,466 shares of the technology company’s stock after selling 98,500 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in CoStar Group were worth $1,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after buying an additional 426 shares in the last quarter. NewEdge Advisors LLC grew its position in CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,295 shares during the period. Jones Financial Companies Lllp raised its stake in CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC raised its stake in CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after acquiring an additional 666 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after acquiring an additional 10,984 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSGP has been the topic of several recent analyst reports. William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Citizens Jmp dropped their target price on shares of 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. Bank of America cut their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Keefe, Bruyette & Woods lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. Finally, Benchmark started coverage on shares of CoStar Group in a research note on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective on the stock. Nine investment 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’s stock. Based on data from MarketBeat, CoStar Group currently has an average rating of “Hold” and an average price target of $41.61.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 completion of the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew C. Florance bought 83,300 shares of the company’s stock in a transaction dated 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 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.18% of the company’s stock.

CoStar Group Stock Up 4.1%

Shares of NASDAQ:CSGP opened at $31.48 on Tuesday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $94.95. The company’s 50-day moving average price is $30.23 and its two-hundred day moving average price is $38.58. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market cap of $12.76 billion, a P/E ratio of 165.69, a P/E/G ratio of 0.80 and a beta of 0.72.

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, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue 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, research analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

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.