NewEdge Wealth LLC Acquires New Stake in CoStar Group, Inc. $CSGP

NewEdge Wealth LLC acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,538 shares of the technology company’s stock, valued at approximately $525,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. Reflection Asset Management purchased a new stake in shares of CoStar Group during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC purchased a new position in shares of CoStar Group in the fourth quarter worth about $40,000. IFP Advisors Inc lifted its stake in shares of CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

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 purchased 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 represents a 4.83% increase in their ownership of the stock. The purchase 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Robert W. Baird set a $34.00 target price on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Benchmark began coverage on CoStar Group in a research report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price target for the company. BTIG Research cut their price target on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.61.

CoStar Group Stock Performance

Shares of CSGP opened at $32.26 on Friday. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $91.89. The firm has a market capitalization of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.85 and a beta of 0.72. The firm has a 50-day moving average price of $29.96 and a 200 day moving average price of $36.71. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $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. Sell-side analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current year.

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.