CoStar Group, Inc. $CSGP Shares Purchased by Aberdeen Group plc

Key Points

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Aberdeen Group plc raised its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 109.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,869 shares of the technology company's stock after acquiring an additional 130,277 shares during the period. Aberdeen Group plc owned approximately 0.06% of CoStar Group worth $19,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after acquiring an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of CoStar Group during the first quarter worth $221,000. PFG Investments LLC acquired a new stake in shares of CoStar Group during the first quarter worth $234,000. Golden State Wealth Management LLC lifted its stake in shares of CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after buying an additional 200 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of CoStar Group during the first quarter worth $4,835,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was 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 $2,392,837.35. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the sale, the insider owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company's stock.

CoStar Group Stock Performance

NASDAQ CSGP traded up $2.86 on Friday, reaching $91.22. 2,875,172 shares of the company's stock traded hands, compared to its average volume of 2,992,999. The firm has a market cap of $38.65 billion, a price-to-earnings ratio of 364.88, a P/E/G ratio of 4.44 and a beta of 0.85. The stock has a 50 day moving average price of $87.01 and a 200-day moving average price of $80.71. 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 debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83.

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 (EPS) for the quarter, beating 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 net margin of 3.57% and a return on equity of 2.88%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $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 predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CSGP shares. Robert W. Baird lifted their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. BMO Capital Markets lifted their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Needham & Company LLC lifted their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.