Diversify Advisory Services LLC Invests $746,000 in CoStar Group, Inc. $CSGP

Diversify Advisory Services LLC bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, Holdings Channel reports. The fund bought 25,570 shares of the technology company’s stock, valued at approximately $746,000.

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

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance acquired 83,300 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’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 transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.18% of the company’s stock.

CoStar Group Stock Down 4.4%

Shares of CoStar Group stock opened at $32.26 on Friday. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The company has a market cap of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.89 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $29.97 and a 200 day moving average price of $36.74.

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 the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million for 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 for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. As a group, analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on CSGP shares. JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. BTIG Research reduced their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Finally, Citigroup cut shares of CoStar Group from a “market outperform” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.61.

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.