Evolve Private Wealth LLC Makes New $458,000 Investment in CoStar Group, Inc. $CSGP

Evolve Private Wealth LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,163 shares of the technology company’s stock, valued at approximately $458,000.

Other hedge funds have also made changes to their positions in the company. United Capital Financial Advisors LLC boosted its position in CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after purchasing an additional 167 shares during the period. Man Group plc increased its position in CoStar Group by 1.7% in the second quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after buying an additional 177 shares during the period. Norinchukin Bank The increased its position in CoStar Group by 0.5% in the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after buying an additional 184 shares during the period. Keel Point LLC lifted its stake in CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock valued at $308,000 after buying an additional 231 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in CoStar Group by 1.8% in the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock valued at $947,000 after buying an additional 247 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CSGP. JPMorgan Chase & Co. dropped their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. BMO Capital Markets restated a “market perform” rating and issued a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.11.

CoStar Group Stock Down 0.1%

CoStar Group stock opened at $32.81 on Wednesday. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 172.69, a PEG ratio of 0.86 and a beta of 0.72. The company’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $36.26. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. 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. On average, analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction dated Friday, August 7th. The stock was 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 of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew C. Florance purchased 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was a 4.83% increase in their position. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by insiders.

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.