68,040 Shares in CoStar Group, Inc. $CSGP Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 68,040 shares of the technology company’s stock, valued at approximately $1,995,000.

Several other institutional investors also recently bought and sold shares of CSGP. United Capital Financial Advisors LLC increased its stake in CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after buying an additional 167 shares in the last quarter. Man Group plc lifted its position in shares of CoStar Group by 1.7% in the second quarter. Man Group plc now owns 10,368 shares of the technology company’s stock valued at $834,000 after acquiring an additional 177 shares in the last quarter. Norinchukin Bank The lifted its position in shares of CoStar Group by 0.5% in the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock valued at $2,998,000 after acquiring an additional 184 shares in the last quarter. Keel Point LLC boosted its stake in shares of CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after acquiring an additional 231 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of CoStar Group by 1.8% in the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company’s stock worth $947,000 after acquiring an additional 247 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSGP. KeyCorp set a $33.00 price objective on CoStar Group in a research note on Monday, August 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $40.00 target price on shares of CoStar Group in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods lowered shares of CoStar Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. Benchmark started coverage on shares of CoStar Group in a research report on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. 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. According to MarketBeat.com, CoStar Group presently has a consensus rating of “Hold” and a consensus target price of $40.11.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. The trade was a 20.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was purchased 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 directly owned 1,806,165 shares in the company, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is owned by insiders.

CoStar Group Price Performance

Shares of CSGP opened at $32.22 on Monday. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $91.89. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $30.10 and a two-hundred day simple moving average of $35.87. The company has a market capitalization of $13.06 billion, a PE ratio of 169.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’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. As a group, equities analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current 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.