BlackRock Inc. Takes $957.61 Million Position in CoStar Group, Inc. $CSGP

BlackRock Inc. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,813,969 shares of the technology company’s stock, valued at approximately $957,612,000. BlackRock Inc. owned approximately 0.08% of CoStar Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of CoStar Group by 83.4% in the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after purchasing an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after buying an additional 122,776 shares during the period. SVB Wealth LLC raised its stake in shares of CoStar Group by 98.3% during the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock valued at $4,465,000 after acquiring an additional 32,923 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of CoStar Group by 45.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock worth $74,971,000 after buying an additional 348,460 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CoStar Group by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock worth $69,446,000 after acquiring an additional 49,657 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSGP has been the topic of a number of analyst reports. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a report on Thursday, April 30th. Finally, Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Nine equities 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 company’s stock. According to data from MarketBeat, CoStar Group has an average rating of “Hold” and an average target price of $41.61.

CoStar Group Price Performance

NASDAQ CSGP opened at $32.26 on Friday. The business’s fifty day simple moving average is $29.96 and its 200-day simple moving average is $36.71. 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 firm has a market cap of $13.07 billion, a PE ratio of 169.80, a P/E/G ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. CoStar Group’s quarterly 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. As a group, equities analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling

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 acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is owned by company 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.