Pacer Advisors Inc. Trims Stock Holdings in CoStar Group, Inc. $CSGP

Pacer Advisors Inc. lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 26.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,092 shares of the technology company’s stock after selling 17,238 shares during the period. Pacer Advisors Inc.’s holdings in CoStar Group were worth $1,900,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSGP. Ramiah Investment Group grew its position in shares of CoStar Group by 32.1% in the first quarter. Ramiah Investment Group now owns 7,217 shares of the technology company’s stock valued at $291,000 after purchasing an additional 1,755 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in CoStar Group by 168.8% during the 1st quarter. Glenmede Trust Co. NA now owns 207,031 shares of the technology company’s stock worth $8,352,000 after purchasing an additional 129,997 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in CoStar Group in the 1st quarter worth about $1,089,000. Liontrust Investment Partners LLP boosted its stake in CoStar Group by 23.8% in the 1st quarter. Liontrust Investment Partners LLP now owns 35,058 shares of the technology company’s stock worth $1,414,000 after purchasing an additional 6,734 shares during the period. Finally, Bank of America Corp DE grew its holdings in CoStar Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 3,568,107 shares of the technology company’s stock valued at $143,937,000 after buying an additional 63,295 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSGP shares. Needham & Company LLC lowered their price target on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Benchmark assumed coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price on the stock. BTIG Research reduced their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.61.

CoStar Group Stock Performance

CoStar Group stock opened at $30.24 on Friday. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $96.27. 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 stock has a market cap of $12.25 billion, a P/E ratio of 159.17, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72. The firm’s fifty day moving average price is $30.28 and its 200-day moving average price is $38.99.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million during 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 firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. 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 fiscal year.

Insider Buying and Selling at CoStar Group

In other news, CEO Andrew C. Florance acquired 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

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.