Red Spruce Capital LLC Has $2.17 Million Position in CoStar Group, Inc. $CSGP

Red Spruce Capital LLC increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 101.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 76,448 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. Red Spruce Capital LLC’s holdings in CoStar Group were worth $2,165,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of CoStar Group during the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC bought a new stake in CoStar Group during the 4th quarter worth about $40,000. IFP Advisors Inc raised its holdings in CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in CoStar Group by 25,650.0% during the 3rd 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. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $29.58 on Friday. The stock has a market cap of $11.99 billion, a PE ratio of 155.69, a price-to-earnings-growth ratio of 0.79 and a beta of 0.72. The stock has a 50-day moving average of $30.32 and a 200-day moving average of $39.05. 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, Inc. has a one year low of $25.89 and a one year high of $97.12.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million for 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%. CoStar Group’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last 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. As a group, sell-side analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CSGP shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. 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 report on Monday, July 13th. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Stephens lowered their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Finally, Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and cut their price target for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CoStar Group has an average rating of “Hold” and a consensus target price of $41.61.

Insider Buying and Selling at CoStar Group

In other news, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

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.