Texas Capital Bank Wealth Management Services Inc Invests $317,000 in CoStar Group, Inc. $CSGP

Key Points

• Texas Capital Bank Wealth Management Services Inc acquired 3,996 shares of CoStar Group, Inc. for approximately $317,000 in the first quarter, reflecting increased interest from institutional investors.
• CoStar Group's latest earnings report showed an EPS of $0.17, exceeding analysts' expectations, along with a revenue increase of 15.2% year-over-year.
• Several brokerages have raised their price targets for CoStar Group, with the consensus price target now sitting at $93.25 and a general rating of "Moderate Buy" among analysts.

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,996 shares of the technology company's stock, valued at approximately $317,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lincoln Capital LLC purchased a new position in shares of CoStar Group during the first quarter worth $1,721,000. Northern Trust Corp boosted its position in shares of CoStar Group by 0.9% during the first quarter. Northern Trust Corp now owns 4,027,534 shares of the technology company's stock worth $319,102,000 after buying an additional 34,210 shares during the period. Brooklyn Investment Group boosted its position in shares of CoStar Group by 84.2% during the first quarter. Brooklyn Investment Group now owns 2,010 shares of the technology company's stock worth $159,000 after buying an additional 919 shares during the period. Summit Securities Group LLC boosted its position in shares of CoStar Group by 219.8% during the first quarter. Summit Securities Group LLC now owns 13,000 shares of the technology company's stock worth $1,030,000 after buying an additional 8,935 shares during the period. Finally, 17 Capital Partners LLC purchased a new position in CoStar Group in the first quarter valued at $327,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Up 3.2%

NASDAQ CSGP traded up $2.86 during trading on Friday, reaching $91.22. 2,875,172 shares of the company's stock were exchanged, compared to its average volume of 2,992,999. The stock has a market cap of $38.65 billion, a P/E ratio of 364.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The company has a 50 day moving average price of $87.01 and a two-hundred day moving average price of $80.71. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.CoStar Group's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. 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, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated 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 sale, the insider directly owned 319,539 shares of the company's stock, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.

Analysts Set New Price Targets

CSGP has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Royal Bank Of Canada lifted their target price on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a report on Monday, June 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average 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.