CoStar Group, Inc. $CSGP Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 16,445.1% in the third quarter, HoldingsChannel reports. The firm owned 32,263 shares of the technology company’s stock after purchasing an additional 32,068 shares during the period. TD Waterhouse Canada Inc.’s holdings in CoStar Group were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in CoStar Group in the second quarter valued at approximately $957,612,000. Bamco Inc. NY acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $612,470,000. Jupiter Topco LLC acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $221,826,000. Meritage Group LP acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $152,763,000. Finally, Bank of America Corp DE bought a new stake in shares of CoStar Group in the 2nd quarter valued at $77,458,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 7.8%

Shares of NASDAQ:CSGP opened at $35.45 on Friday. 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 $79.08. The business’s 50 day simple moving average is $30.46 and its two-hundred day simple moving average is $31.79. The firm has a market cap of $14.36 billion, a P/E ratio of 186.59, a PEG ratio of 0.83 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, research analysts forecast that CoStar Group, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CSGP shares. KeyCorp set a $33.00 target price on shares of CoStar Group in a research report on Monday, August 24th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of CoStar Group in a research note on Tuesday, October 6th. Citigroup cut 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 report on Wednesday, July 29th. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.11.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew Florance purchased 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by company insiders.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.