United Capital Financial Advisors LLC Takes $686,000 Position in CoStar Group, Inc. $CSGP

United Capital Financial Advisors LLC bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,222 shares of the technology company’s stock, valued at approximately $686,000.

Several other hedge funds have also added to or reduced their stakes in CSGP. Centaurus Financial Inc. acquired a new stake in CoStar Group during the 2nd quarter worth approximately $379,000. Formula Growth Ltd. acquired a new position in CoStar Group in the 2nd quarter valued at $963,000. Jefferies Financial Group Inc. bought a new position in CoStar Group during the 2nd quarter worth $4,212,000. Public Employees Retirement System of Ohio bought a new position in CoStar Group during the 2nd quarter worth $3,315,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of CoStar Group during the second quarter worth $33,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

CSGP opened at $32.22 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89. The firm has a market cap of $13.06 billion, a P/E ratio of 169.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The business’s fifty day moving average is $30.10 and its 200-day moving average is $35.87.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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 expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew C. Florance purchased 83,300 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred 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 owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSGP shares. Stephens reduced their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Citizens Jmp dropped their price objective on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.