OMERS ADMINISTRATION Corp Makes New $5.89 Million Investment in CoStar Group, Inc. $CSGP

OMERS ADMINISTRATION Corp bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, HoldingsChannel.com reports. The fund bought 207,870 shares of the technology company’s stock, valued at approximately $5,887,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in CoStar Group during the 2nd quarter worth $957,612,000. Bamco Inc. NY lifted its stake in CoStar Group by 1.3% in the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock valued at $1,311,052,000 after buying an additional 242,533 shares during the last quarter. State Street Corp lifted its stake in CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock valued at $1,252,839,000 after buying an additional 348,224 shares during the last quarter. Principal Financial Group Inc. lifted its stake in CoStar Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after buying an additional 130,118 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Performance

CSGP stock opened at $32.84 on Tuesday. The company has a 50-day simple moving average of $29.98 and a 200 day simple moving average of $36.40. The company has a market capitalization of $13.31 billion, a P/E ratio of 172.85, a PEG ratio of 0.85 and a beta of 0.72. 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, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) 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 business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same period last year, the firm posted $0.17 earnings per share. The business’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. Sell-side analysts predict that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. This trade 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSGP. The Goldman Sachs Group restated a “buy” rating and set a $40.00 price target on shares of CoStar Group in a research report on Wednesday, July 29th. BTIG Research reduced their target price on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.11.

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.