17 Capital Partners LLC Makes New Investment in CoStar Group, Inc. $CSGP

Key Points

• 17 Capital Partners LLC has invested approximately $327,000 in CoStar Group, Inc. by acquiring 4,133 shares during the first quarter, as reported in its latest SEC filing.
• Over 96% of CoStar's stock is currently owned by institutional investors and hedge funds, indicating significant institutional confidence in the company.
• CoStar Group's latest earnings report showed a revenue increase of 15.2% year-over-year, with earnings per share surpassing analysts' estimates.

17 Capital Partners LLC acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,133 shares of the technology company's stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Colonial Trust Co SC boosted its position in CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after acquiring an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP boosted its position in CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after acquiring an additional 146 shares in the last quarter. Aurora Investment Managers LLC. boosted its position in CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after acquiring an additional 164 shares in the last quarter. First Horizon Advisors Inc. boosted its position in CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock valued at $297,000 after acquiring an additional 179 shares in the last quarter. Finally, CVA Family Office LLC boosted its position in CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group Stock Performance

NASDAQ:CSGP traded up $2.56 during trading hours on Friday, reaching $90.92. The company had a trading volume of 1,380,557 shares, compared to its average volume of 3,180,303. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The firm has a market cap of $38.52 billion, a price-to-earnings ratio of 363.20, a PEG ratio of 4.30 and a beta of 0.85. The firm's 50 day moving average price is $86.81 and its 200-day moving average price is $80.60.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm's revenue was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares of the company's stock, valued at $29,790,620.97. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CSGP shares. Needham & Company LLC lifted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JMP Securities reiterated a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird boosted their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.25.

CoStar Group Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.