17,302 Shares in CoStar Group, Inc. $CSGP Acquired by Wedmont Private Capital

Wedmont Private Capital bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,302 shares of the technology company’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new position in CoStar Group during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the fourth quarter valued at $29,000. Transamerica Financial Advisors LLC acquired a new stake in shares of CoStar Group in the second quarter valued at $33,000. DV Equities LLC purchased a new stake in shares of CoStar Group in the 4th quarter valued at $40,000. Finally, IFP Advisors Inc raised its holdings 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 valued at $41,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSGP shares. Citizens Jmp lowered their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Finally, Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, CoStar Group has an average rating of “Hold” and a consensus price target of $40.11.

Insider Buying and Selling

In other news, CEO Andrew Florance bought 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This trade represents 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 Trading Down 0.3%

CSGP opened at $29.49 on Friday. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $90.72. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 155.22, a PEG ratio of 0.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The business has a fifty day moving average price of $30.36 and a 200 day moving average price of $34.81.

CoStar Group (NASDAQ:CSGP) last posted its quarterly 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 company had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.CoStar Group’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company 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. Sell-side analysts expect that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

CoStar Group Company Profile

CoStar Group, Inc is a provider of commercial real estate information, analytics and online marketplaces. The company collects, analyzes and distributes data on property listings, transactions, rents, vacancies, market trends and other aspects of the real estate industry. Its products serve property owners, brokers, investors, lenders, appraisers, developers and other real estate professionals.

CoStar’s portfolio includes the CoStar commercial property information platform, LoopNet for commercial property listings, Apartments.com for rental housing, Homes.com for residential real estate, Land.com for land listings, and Ten-X for online commercial real estate auctions.