Van ECK Associates Corp Reduces Stock Holdings in CoStar Group, Inc. $CSGP

Van ECK Associates Corp lessened its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,078,903 shares of the technology company’s stock after selling 399,823 shares during the quarter. Van ECK Associates Corp owned approximately 0.76% of CoStar Group worth $87,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CSGP. Integrated Wealth Concepts LLC lifted its position in shares of CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares in the last quarter. NewEdge Advisors LLC increased its position in CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp raised its stake in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the last quarter. Empowered Funds LLC raised its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 10,984 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 83,300 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by insiders.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $32.22 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a market cap of $13.06 billion, a P/E ratio of 169.59, a P/E/G ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89. The firm’s 50 day moving average is $30.10 and its two-hundred day moving average is $35.97.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSGP. Benchmark began coverage on shares of CoStar Group in a research note on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has an average rating of “Hold” and a consensus 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.