Odyssean LLC Takes Position in CoStar Group, Inc. $CSGP

Odyssean LLC purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, Holdings Channel.com reports. The firm purchased 90,524 shares of the technology company’s stock, valued at approximately $2,564,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Reflection Asset Management purchased a new stake in CoStar Group in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group during the 4th quarter valued at $29,000. DV Equities LLC bought a new position in shares of CoStar Group during the 4th quarter valued at $40,000. IFP Advisors Inc lifted its holdings in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after buying an additional 513 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

NASDAQ CSGP opened at $30.91 on Friday. The business’s fifty day moving average is $30.29 and its 200 day moving average is $35.40. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89. 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 company has a market capitalization of $12.52 billion, a PE ratio of 162.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. The business’s quarterly 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. Sell-side analysts predict that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Insider Activity at CoStar Group

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

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. BTIG Research cut their price objective on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. cut their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Finally, Bank of America lowered their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. 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. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Hold” and a consensus target price of $40.11.

About CoStar Group

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.