Wolf Hill Capital Management LP Purchases Shares of 29,100 CoStar Group, Inc. $CSGP

Wolf Hill Capital Management LP acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, HoldingsChannel reports. The fund acquired 29,100 shares of the technology company’s stock, valued at approximately $824,112,000. CoStar Group accounts for approximately 0.1% of Wolf Hill Capital Management LP’s holdings, making the stock its 27th biggest position.

Other hedge funds have also bought and sold shares of the company. United Capital Financial Advisors LLC increased its holdings in shares of CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after purchasing an additional 167 shares in the last quarter. Man Group plc boosted its holdings in CoStar Group by 1.7% during the second quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after buying an additional 177 shares in the last quarter. Norinchukin Bank The boosted its holdings in CoStar Group by 0.5% during the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after buying an additional 184 shares in the last quarter. Keel Point LLC boosted its holdings in CoStar Group by 6.4% during the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after buying an additional 231 shares in the last quarter. Finally, Horizon Investments LLC grew its position in CoStar Group by 1.8% during the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock valued at $947,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 1.8%

CSGP opened at $32.84 on Tuesday. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $91.89. 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 company has a 50-day moving average price of $29.98 and a 200 day moving average price of $36.40. The company has a market cap of $13.31 billion, a PE ratio of 172.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last issued its quarterly 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 for the quarter, compared to analyst estimates of $928.81 million. During the same period last year, the company posted $0.17 EPS. CoStar Group’s quarterly 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. Sell-side analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and issued a $32.00 price objective (down from $35.00) on shares of CoStar Group 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. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research note on Thursday, April 30th. Finally, Citigroup lowered CoStar Group from a “market outperform” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $33.00 in a research report on Wednesday, July 29th. Nine investment 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. According to MarketBeat, CoStar Group presently has an average rating of “Hold” and an average target price of $40.11.

Insider Buying and Selling

In other news, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price 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. The trade was a 4.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’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 approximately $579,341.16. This trade 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 corporate insiders.

CoStar Group Company 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.