Wealthfront Advisers LLC Buys Shares of 24,534 CoStar Group, Inc. $CSGP

Wealthfront Advisers LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,534 shares of the technology company’s stock, valued at approximately $695,000.

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

Insider Activity

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 shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought 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 $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CSGP. Wolfe Research restated 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. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. Wall Street Zen lowered CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.61.

CoStar Group Price Performance

NASDAQ CSGP opened at $32.26 on Friday. The stock has a market capitalization of $13.07 billion, a P/E ratio of 169.80, a P/E/G ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89. The business’s fifty day moving average is $29.96 and its two-hundred day moving average is $36.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21.

CoStar Group (NASDAQ:CSGP) last announced its 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 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 the consensus estimate of $928.81 million. During the same period in the prior year, the business posted $0.17 earnings per share. CoStar Group’s revenue 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, research analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

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.