18,538 Shares in CoStar Group, Inc. $CSGP Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,538 shares of the technology company’s stock, valued at approximately $525,000.

A number of other large investors also recently bought and sold shares of CSGP. BlackRock Inc. acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $957,612,000. Norges Bank purchased a new position in shares of CoStar Group during the 4th quarter valued at approximately $476,765,000. Capital International Investors lifted its stake in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares during the period. Viking Global Investors LP acquired a new position in shares of CoStar Group in the 2nd quarter valued at $258,773,000. Finally, Deutsche Bank AG acquired a new position in shares of CoStar Group in the 2nd quarter valued at $64,127,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group 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 transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $40.00 target price on shares of CoStar Group in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.61.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $32.26 on Friday. The business’s 50 day moving average price is $29.96 and its 200-day moving average price is $36.71. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 169.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The company 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%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous 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 forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

CoStar Group 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.