CoStar Group (NASDAQ:CSGP) CEO Andrew Florance Purchases 83,300 Shares of Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew Florance bought 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CoStar Group Price Performance

CSGP opened at $30.21 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $97.40. The stock has a fifty day moving average of $30.38 and a 200-day moving average of $39.31. The firm has a market capitalization of $12.24 billion, a P/E ratio of 159.01, a PEG ratio of 0.78 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business 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 revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CSGP. Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group reissued a “buy” rating and set a $40.00 price objective on shares of CoStar Group in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods lowered CoStar Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.61.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSGP. Reflection Asset Management bought a new position in CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $43,000 after acquiring an additional 513 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $48,000. Finally, DV Equities LLC bought a new stake in shares of CoStar Group during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.60% 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.