Buttonwood Financial Advisors Inc. Makes New Investment in CoStar Group, Inc. $CSGP

Key Points

• Buttonwood Financial Advisors Inc. has acquired 5,362 shares of CoStar Group, valued at approximately $431,000, marking a new investment for the firm in the second quarter.
• Analysts have a consensus rating of "Moderate Buy" for CoStar Group, with a target price averaging $94.15, reflecting optimistic growth expectations following various upgrades from prominent brokerage firms.
• CoStar Group's latest earnings report revealed a net margin of 3.57% and revenue growth of 15.2% year-over-year, surpassing analysts' expectations with reported earnings of $0.17 per share.

Buttonwood Financial Advisors Inc. bought a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 5,362 shares of the technology company's stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group in the 1st quarter worth $29,000. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group in the 1st quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group during the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock worth $32,000 after purchasing an additional 235 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSGP. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research report on Monday, June 16th. Bank of America began coverage on CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective for the company. Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. William Blair reissued an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

CoStar Group Price Performance

CSGP stock opened at $85.31 on Wednesday. The business has a 50 day moving average price of $89.80 and a 200 day moving average price of $82.53. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 341.24, a PEG ratio of 3.97 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12.

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

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by company insiders.

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.

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