Man Group plc Makes New Investment in CoStar Group, Inc. $CSGP

Man Group plc bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 921,094 shares of the technology company’s stock, valued at approximately $26,085,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSGP. United Capital Financial Advisors LLC boosted its stake in shares of CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after buying an additional 167 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of 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 acquiring an additional 184 shares during the period. Keel Point LLC grew its holdings in shares of CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after acquiring an additional 231 shares during the period. Horizon Investments LLC increased its position in CoStar Group by 1.8% during the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock valued at $947,000 after acquiring an additional 247 shares during the last quarter. Finally, Sapient Capital LLC increased its position in CoStar Group by 2.9% during the fourth quarter. Sapient Capital LLC now owns 9,029 shares of the technology company’s stock valued at $613,000 after acquiring an additional 255 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $32.14 on Thursday. The stock has a market cap of $13.02 billion, a P/E ratio of 169.17, a P/E/G ratio of 0.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s fifty day moving average is $30.03 and its 200 day moving average is $36.13. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $91.89.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results 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. The business had revenue of $925.00 million during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 approximately $579,341.16. The trade was a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew C. Florance bought 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased 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. This represents a 4.83% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several research reports. Wolfe Research reissued an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Bank of America reduced their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $41.00 to $29.00 in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Finally, Stephens cut their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Nine 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.11.

CoStar Group 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.