Nissay Asset Management Corp Japan Sells 61,176 Shares of CoStar Group, Inc. $CSGP

Nissay Asset Management Corp Japan reduced its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 51.9% in the second quarter, HoldingsChannel reports. The fund owned 56,761 shares of the technology company’s stock after selling 61,176 shares during the period. Nissay Asset Management Corp Japan’s holdings in CoStar Group were worth $1,607,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Reflection Asset Management bought a new position in shares of CoStar Group during the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group in the 4th quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new stake in shares of CoStar Group in the 2nd quarter worth approximately $33,000. DV Equities LLC purchased a new stake in shares of CoStar Group in the 4th quarter worth approximately $40,000. Finally, IFP Advisors Inc grew its stake in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction on Friday, August 7th. The stock was 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 in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group 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 completion of the purchase, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company’s stock.

CoStar Group Trading Down 0.3%

Shares of NASDAQ:CSGP opened at $31.98 on Wednesday. The stock’s 50-day simple moving average is $30.19 and its two-hundred day simple moving average is $35.62. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 168.32, a PEG ratio of 0.84 and a beta of 0.75. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week 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.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data 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 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 business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business 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 expect that CoStar Group, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp set a $33.00 price target on CoStar Group in a research report on Monday, August 24th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. BTIG Research reduced their price objective on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Bank of America decreased their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Finally, William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.11.

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.