Evolve Private Wealth LLC Makes New $458,000 Investment in CoStar Group, Inc. $CSGP

Evolve Private Wealth LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,163 shares of the technology company’s stock, valued at approximately $458,000.

Several other hedge funds have also modified their holdings of CSGP. Reflection Asset Management purchased a new position in CoStar Group in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group during the fourth quarter valued at approximately $29,000. DV Equities LLC acquired a new position in shares of CoStar Group during the fourth quarter worth $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CSGP shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Wall Street Zen downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.11.

Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the 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 transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

CoStar Group Trading Down 0.1%

NASDAQ CSGP opened at $32.81 on Wednesday. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 172.69, a price-to-earnings-growth 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 12 month low of $25.89 and a 12 month high of $91.89. The company’s fifty day moving average price is $30.00 and its two-hundred day moving average price is $36.26.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts predict 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.