Pallas Capital Advisors LLC Takes Position in CoStar Group, Inc. $CSGP

Pallas Capital Advisors LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,889 shares of the technology company’s stock, valued at approximately $761,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in CoStar Group in the 2nd quarter valued at about $64,127,000. Perigon Wealth Management LLC acquired a new position in shares of CoStar Group during the second quarter worth about $247,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CoStar Group during the second quarter worth approximately $28,756,000. Plato Investment Management Ltd acquired a new stake in CoStar Group in the second quarter valued at approximately $241,000. Finally, Simplicity Wealth LLC acquired a new stake in CoStar Group in the second quarter valued at approximately $338,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CSGP shares. Stephens lowered their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Benchmark started coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of CoStar Group in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, BTIG Research dropped their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of “Hold” and an average price target of $41.61.

Insider Buying and Selling at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’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 sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was bought 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 $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is owned by company insiders.

CoStar Group Stock Performance

Shares of CSGP opened at $31.38 on Wednesday. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 165.17, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week 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 stock has a 50 day moving average price of $29.99 and a 200 day moving average price of $37.14.

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 analysts’ expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

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.