Sanctuary Advisors LLC Takes $1.02 Million Position in CoStar Group, Inc. $CSGP

Sanctuary Advisors LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, Holdings Channel reports. The institutional investor acquired 36,059 shares of the technology company’s stock, valued at approximately $1,021,000.

Several other hedge funds have also recently made changes to their positions in CSGP. Reflection Asset Management purchased a new position in CoStar Group in the 4th quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the period. JPL Wealth Management LLC acquired a new position in shares of CoStar Group in the third quarter valued at about $48,000. Finally, DV Equities LLC purchased a new position in shares of CoStar Group in the fourth quarter worth about $40,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at $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 owned by company insiders.

CoStar Group Stock Performance

Shares of CSGP stock opened at $31.34 on Friday. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89. 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 stock has a market cap of $12.70 billion, a PE ratio of 164.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The business has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $36.00.

CoStar Group (NASDAQ:CSGP) last posted its 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 firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CSGP. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a report on Thursday, April 30th. Stephens cut their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. 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 research note on Monday, July 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CoStar Group in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.11.

CoStar Group Company 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.