Corient Private Wealth LP Makes New $2.35 Million Investment in CoStar Group, Inc. $CSGP

Corient Private Wealth LP bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 82,804 shares of the technology company’s stock, valued at approximately $2,345,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Reflection Asset Management acquired a new position in shares of CoStar Group during the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in CoStar Group by 25,650.0% in 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 in the last quarter. JPL Wealth Management LLC acquired a new position in CoStar Group during the 3rd quarter worth approximately $48,000. Finally, DV Equities LLC purchased a new position in shares of CoStar Group during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSGP. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $40.00 price target on shares of CoStar Group in a research note on Wednesday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Nine 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Trading Down 2.3%

NASDAQ:CSGP opened at $31.26 on Thursday. 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 fifty day simple moving average of $30.21 and a 200-day simple moving average of $35.52. The company has a market capitalization of $12.67 billion, a PE ratio of 164.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share 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 firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts expect that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew C. Florance purchased 83,300 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.18% of the company’s stock.

About CoStar Group

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.