Ironvine Capital Partners LLC Has $8.34 Million Holdings in CoStar Group, Inc. $CSGP

Ironvine Capital Partners LLC trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 21.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 294,475 shares of the technology company’s stock after selling 80,856 shares during the quarter. Ironvine Capital Partners LLC’s holdings in CoStar Group were worth $8,340,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CSGP. United Capital Financial Advisors LLC raised its stake in shares of CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after acquiring an additional 167 shares during the last quarter. Man Group plc increased its holdings in CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock valued at $834,000 after purchasing an additional 177 shares in the last quarter. Norinchukin Bank The increased its holdings in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock valued at $2,998,000 after purchasing an additional 184 shares in the last quarter. Keel Point LLC raised its position in CoStar Group by 6.4% in the 2nd quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock valued at $308,000 after purchasing an additional 231 shares during the last quarter. Finally, Horizon Investments LLC raised its position in CoStar Group by 1.8% in the 4th quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock valued at $947,000 after purchasing an additional 247 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance acquired 83,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on CSGP shares. The Goldman Sachs Group reissued a “buy” rating and issued a $40.00 price objective on shares of CoStar Group in a research note on Wednesday, July 29th. Bank of America cut their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Keefe, Bruyette & Woods downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Finally, 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 research report on Monday, July 13th. Nine 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Stock Down 0.3%

Shares of CSGP opened at $31.98 on Wednesday. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 168.32, a PEG ratio of 0.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The business’s fifty day moving average price is $30.19 and its two-hundred day moving average price is $35.62. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89.

CoStar Group (NASDAQ:CSGP) last released its earnings results 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 company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period 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. On average, analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

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.