Chicago Capital LLC Has $77.53 Million Position in CoStar Group, Inc. $CSGP

Key Points

• Chicago Capital LLC increased its stake in CoStar Group, Inc. to $77.53 million, owning approximately 1.9% of the company after acquiring additional shares.
• Analysts have set a consensus target price for CoStar Group at $94.15, with several firms issuing "buy" ratings and one "strong buy" rating recently.
• CoStar Group reported Q2 earnings with an EPS of $0.17, surpassing expectations, and projected an EPS of 0.94 for the current year.

Chicago Capital LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 964,290 shares of the technology company's stock after acquiring an additional 20,335 shares during the quarter. CoStar Group comprises approximately 1.9% of Chicago Capital LLC's holdings, making the stock its 19th largest position. Chicago Capital LLC owned about 0.23% of CoStar Group worth $77,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CSGP. Mizuho Markets Americas LLC bought a new position in shares of CoStar Group during the 1st quarter valued at $586,403,000. Vanguard Group Inc. raised its holdings in shares of CoStar Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock valued at $5,421,448,000 after purchasing an additional 2,709,320 shares in the last quarter. Third Point LLC bought a new position in shares of CoStar Group during the 1st quarter valued at $156,479,000. Nuveen LLC bought a new position in shares of CoStar Group during the 1st quarter valued at $82,756,000. Finally, Kensico Capital Management Corp raised its holdings in shares of CoStar Group by 86.0% during the 1st quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company's stock valued at $105,479,000 after purchasing an additional 615,500 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSGP. Needham & Company LLC raised their price target 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. Wells Fargo & Company reiterated an "underweight" rating and issued a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Citigroup lifted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. William Blair reiterated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.15.

Insider Activity

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

CoStar Group Stock Performance

NASDAQ:CSGP opened at $84.23 on Tuesday. The firm's 50-day moving average is $89.71 and its 200-day moving average is $82.74. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. 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 market cap of $35.68 billion, a price-to-earnings ratio of 336.92, a PEG ratio of 3.87 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company had revenue of $781.30 million for 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 business's revenue was up 15.2% compared to the same quarter last year. 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 year.

About CoStar Group

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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