Public Employees Retirement System of Ohio Invests $3.31 Million in CoStar Group, Inc. $CSGP

Public Employees Retirement System of Ohio bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, HoldingsChannel reports. The fund bought 117,069 shares of the technology company’s stock, valued at approximately $3,315,000.

Other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC purchased a new position in CoStar Group in the second quarter valued at $33,000. Corient Private Wealth LP purchased a new stake in CoStar Group during the 2nd quarter worth about $2,345,000. Perennial Investment Advisors LLC acquired a new position in shares of CoStar Group during the 2nd quarter worth about $301,000. Petrus Trust Company LTA acquired a new position in shares of CoStar Group during the 2nd quarter worth about $21,416,000. Finally, Bamco Inc. NY purchased a new position in shares of CoStar Group in the 2nd quarter valued at about $612,470,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several research analyst reports. Needham & Company LLC cut their target price on CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price target on shares of CoStar Group and gave the company a “sector perform” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Finally, Citigroup cut shares of CoStar Group from a “market outperform” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $33.00 in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.11.

Insider Activity

In related news, CEO Andrew C. Florance purchased 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost 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 in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is currently owned by corporate insiders.

CoStar Group Stock Down 2.4%

CSGP opened at $30.91 on Friday. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89. 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 market capitalization of $12.52 billion, a P/E ratio of 162.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. The business’s 50-day simple moving average is $30.29 and its 200-day simple moving average is $35.40.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. 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. Analysts anticipate that CoStar Group, Inc. will post 1.07 EPS for the current year.

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.