Oppenheimer Asset Management Inc. Makes New $7.52 Million Investment in CoStar Group, Inc. $CSGP

Oppenheimer Asset Management Inc. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 265,401 shares of the technology company’s stock, valued at approximately $7,516,000.

A number of other institutional investors have also modified their holdings of the company. Tema ETFs LLC lifted its stake in CoStar Group by 18.3% during the 2nd quarter. Tema ETFs LLC now owns 8,914 shares of the technology company’s stock worth $252,000 after acquiring an additional 1,378 shares in the last quarter. Handelsbanken Fonder AB grew its position in CoStar Group by 6.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 129,700 shares of the technology company’s stock valued at $3,673,000 after acquiring an additional 7,820 shares in the last quarter. Czech National Bank grew its position in CoStar Group by 0.7% in the 2nd quarter. Czech National Bank now owns 116,234 shares of the technology company’s stock valued at $3,292,000 after acquiring an additional 808 shares in the last quarter. Red Spruce Capital LLC increased its stake in CoStar Group by 101.0% during the second quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock worth $2,165,000 after purchasing an additional 38,413 shares during the period. Finally, Versant Capital Management Inc increased its stake in CoStar Group by 227.7% during the second quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock worth $97,000 after purchasing an additional 2,384 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction 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 represents a 20.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSGP shares. William Blair lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. BTIG Research reduced their target price on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.61.

CoStar Group Trading Down 2.0%

CSGP opened at $32.38 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89. The company has a market cap of $13.12 billion, a P/E ratio of 170.43, a PEG ratio of 0.87 and a beta of 0.72. The business’s 50-day simple moving average is $30.08 and its 200-day simple moving average is $37.82.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

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.