Canada Pension Plan Investment Board Invests $70.28 Million in CoStar Group, Inc. $CSGP

Canada Pension Plan Investment Board purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,481,641 shares of the technology company’s stock, valued at approximately $70,280,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management purchased a new position in CoStar Group during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after acquiring an additional 513 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of CoStar Group in the third quarter valued at about $48,000. Finally, DV Equities LLC purchased a new stake in shares of CoStar Group in the fourth quarter valued at about $40,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CSGP. Royal Bank Of Canada set a $34.00 price target on shares of CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a report on Thursday, April 30th. Citigroup cut CoStar Group from a “market outperform” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Bank of America dropped their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, Needham & Company LLC cut their target price on CoStar Group from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.11.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction 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. The trade was a 4.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 sale, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $31.34 on Friday. The firm’s fifty day simple moving average is $30.05 and its 200-day simple moving average is $36.00. 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 market cap of $12.70 billion, a PE ratio of 164.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last 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. Analysts expect that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

About CoStar Group

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.