Wedmont Private Capital Acquires Shares of 17,302 CoStar Group, Inc. $CSGP

Wedmont Private Capital bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,302 shares of the technology company’s stock, valued at approximately $491,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of CoStar Group in the second quarter worth about $957,612,000. Bamco Inc. NY purchased a new stake in CoStar Group during the 2nd quarter valued at about $612,470,000. State Street Corp raised its holdings in CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock valued at $1,252,839,000 after acquiring an additional 348,224 shares during the last quarter. Principal Financial Group Inc. raised its holdings in CoStar Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after acquiring an additional 130,118 shares during the last quarter. Finally, Capital International Investors raised its holdings in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Needham & Company LLC lowered their price objective on CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 target price on CoStar Group and gave the company a “neutral” rating in a report 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Stock Performance

CoStar Group stock opened at $29.49 on Friday. The firm has a 50 day simple moving average of $30.36 and a 200-day simple moving average of $34.81. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 155.22, a price-to-earnings-growth 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. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $90.72.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 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 firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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 1.07 EPS for the current 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.