Petrus Trust Company LTA Makes New $21.42 Million Investment in CoStar Group, Inc. $CSGP

Petrus Trust Company LTA purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent filing with the SEC. The fund purchased 756,200 shares of the technology company’s stock, valued at approximately $21,416,000. CoStar Group comprises 2.0% of Petrus Trust Company LTA’s portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in shares of CoStar Group by 83.4% during the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after buying an additional 1,055,584 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in CoStar Group by 100.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after purchasing an additional 122,776 shares in the last quarter. SVB Wealth LLC lifted its position in CoStar Group by 98.3% in the fourth quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock worth $4,465,000 after purchasing an additional 32,923 shares during the period. Stephens Investment Management Group LLC lifted its position in CoStar Group by 45.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock worth $74,971,000 after purchasing an additional 348,460 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in CoStar Group by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock valued at $69,446,000 after purchasing an additional 49,657 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP opened at $32.14 on Thursday. The company has a 50-day moving average of $30.03 and a two-hundred day moving average of $36.13. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 169.17, a PEG ratio of 0.86 and a beta of 0.72. 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 one year low of $25.89 and a one year high of $91.89.

CoStar Group (NASDAQ:CSGP) last issued 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. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’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 transaction, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stephens cut their price objective on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Bank of America reduced their price objective 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. Citigroup downgraded shares of CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Finally, Wolfe Research restated an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, CoStar Group presently has an average rating of “Hold” and a consensus price target of $40.11.

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.