CoStar Group, Inc. $CSGP Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank The increased its stake in CoStar Group by 45.7%, owning 33,063 shares valued at approximately $2.62 million as of the end of the most recent quarter.
• CoStar Group reported earnings of $0.17 per share, surpassing analysts' expectations, and its revenue for the quarter rose by 15.2% year-over-year, totaling $781.30 million.
• Analyst ratings for CoStar Group are largely positive, with the average target price now at $93.25 and multiple brokerages rating the stock as a "strong-buy" or "outperform."

Norinchukin Bank The grew its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 45.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,063 shares of the technology company's stock after buying an additional 10,376 shares during the period. Norinchukin Bank The's holdings in CoStar Group were worth $2,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSGP. First Trust Advisors LP grew its stake in CoStar Group by 10.5% in the 4th quarter. First Trust Advisors LP now owns 307,545 shares of the technology company's stock worth $22,017,000 after buying an additional 29,224 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CoStar Group by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,997,561 shares of the technology company's stock worth $143,011,000 after buying an additional 212,775 shares in the last quarter. Stifel Financial Corp grew its stake in CoStar Group by 2.4% in the 4th quarter. Stifel Financial Corp now owns 275,505 shares of the technology company's stock worth $19,723,000 after buying an additional 6,467 shares in the last quarter. MGO One Seven LLC purchased a new stake in shares of CoStar Group in the 4th quarter valued at $210,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of CoStar Group in the 4th quarter valued at $312,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the company's 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 approximately $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. Insiders own 1.09% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP traded up $0.15 on Wednesday, reaching $89.52. The company's stock had a trading volume of 1,339,849 shares, compared to its average volume of 3,161,768. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The stock has a market capitalization of $37.93 billion, a P/E ratio of 358.08, a PEG ratio of 4.41 and a beta of 0.85. The stock's 50 day simple moving average is $87.37 and its two-hundred day simple moving average is $80.88.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating 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 business 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 earned $0.15 earnings per share. The company's revenue for the quarter 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. Research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Citigroup increased their price target on shares of CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, William Blair reissued an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $93.25.

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.