Spyglass Capital Management LLC Acquires 1,583,473 Shares of CoStar Group, Inc. $CSGP

Spyglass Capital Management LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 142.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,694,697 shares of the technology company’s stock after buying an additional 1,583,473 shares during the period. CoStar Group comprises about 4.1% of Spyglass Capital Management LLC’s holdings, making the stock its 10th largest position. Spyglass Capital Management LLC’s holdings in CoStar Group were worth $76,314,000 at the end of the most recent quarter.

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

CoStar Group Stock Down 0.5%

CSGP opened at $32.07 on Tuesday. 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 market cap of $12.99 billion, a price-to-earnings ratio of 168.80, a PEG ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. The company’s 50-day moving average price is $30.15 and its two-hundred day moving average price is $35.73.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share 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 the consensus estimate of $928.81 million. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. 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 expect that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Benchmark assumed coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective for the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 target price (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Citizens Jmp decreased their price target on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a report on Wednesday, July 29th. Bank of America lowered their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Nine investment 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, the company has a consensus rating of “Hold” and an average target price of $40.11.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was 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 directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by corporate 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.