1,169,688 Shares in CoStar Group, Inc. $CSGP Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, Holdings Channel reports. The firm purchased 1,169,688 shares of the technology company’s stock, valued at approximately $33,126,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $957,612,000. Norges Bank acquired a new stake in CoStar Group in the 4th quarter valued at $476,765,000. Capital International Investors increased its holdings in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares in the last quarter. Viking Global Investors LP purchased a new stake in CoStar Group in the 2nd quarter worth $258,773,000. Finally, Deutsche Bank AG acquired a new position in CoStar Group during the second quarter worth $64,127,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other news, CEO Andrew C. Florance purchased 83,300 shares of the 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. The trade was a 4.83% increase in their position. The acquisition was disclosed in a legal 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 dated 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 $579,341.16. This represents a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is owned by insiders.

CoStar Group Price Performance

NASDAQ:CSGP opened at $32.84 on Tuesday. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89. The stock has a market cap of $13.31 billion, a PE ratio of 172.85, a P/E/G ratio of 0.85 and a beta of 0.72. 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 stock has a 50 day moving average price of $29.98 and a 200 day moving average price of $36.40.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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 company had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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. Equities research analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wolfe Research reiterated an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday. Finally, Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, CoStar Group presently has an average rating of “Hold” and an average price target of $40.11.

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.