Focus Partners Advisor Solutions LLC Makes New Investment in CoStar Group, Inc. $CSGP

Focus Partners Advisor Solutions LLC purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 19,321 shares of the technology company’s stock, valued at approximately $547,000.

A number of other hedge funds have also modified their holdings of the company. Bamco Inc. NY lifted its stake in shares of CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock valued at $1,311,052,000 after buying an additional 242,533 shares in the last quarter. State Street Corp increased its stake in CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after buying an additional 348,224 shares in the last quarter. Principal Financial Group Inc. increased its stake in CoStar Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after buying an additional 130,118 shares in the last quarter. Capital International Investors raised its holdings in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the period. Finally, Akre Capital Management LLC raised its holdings in CoStar Group by 3.3% during the fourth quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company’s stock valued at $646,701,000 after acquiring an additional 311,320 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSGP has been the topic of several research analyst reports. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Bank of America decreased their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.61.

CoStar Group Stock Down 3.2%

CSGP opened at $31.35 on Tuesday. The company has a market capitalization of $12.70 billion, a PE ratio of 165.01, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The firm has a 50-day simple moving average of $30.04 and a two-hundred day simple moving average of $37.38. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89.

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, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts forecast that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 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.