CoStar Group, Inc. $CSGP Shares Purchased by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in CoStar Group by 74.5% during the first quarter, owning 17,048 shares valued at approximately $1.35 million.
• Several institutional investors, including Mizuho Markets Americas LLC and Vanguard Group Inc., have made significant investments in CoStar Group, which is primarily held by institutional investors at 96.60%.
• Analysts have set a consensus price target of $93.25 for CoStar Group, with multiple firms adjusting their ratings and price objectives upwards, indicating a generally positive outlook on the stock.

Credit Agricole S A increased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 74.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,048 shares of the technology company's stock after purchasing an additional 7,277 shares during the period. Credit Agricole S A's holdings in CoStar Group were worth $1,351,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Colonial Trust Co SC lifted its stake in CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after buying an additional 145 shares during the period. DoubleLine ETF Adviser LP lifted its position in shares of CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after buying an additional 146 shares during the last quarter. Aurora Investment Managers LLC. lifted its holdings in CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after purchasing an additional 164 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after purchasing an additional 179 shares in the last quarter. Finally, CVA Family Office LLC increased its position in shares of CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

CSGP traded down $0.87 during trading on Friday, reaching $89.46. 903,442 shares of the company traded hands, compared to its average volume of 3,145,835. 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, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The firm has a fifty day simple moving average of $87.79 and a 200 day simple moving average of $81.03. The company has a market cap of $37.90 billion, a P/E ratio of 357.60, a PEG ratio of 4.36 and a beta of 0.85.

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, beating analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. CoStar Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last 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. On average, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the transaction, the chief accounting officer directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares of the company's stock, valued at $29,790,620.97. This represents a 7.26% 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.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Bank of America started coverage on CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Needham & Company LLC raised their target price on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their price objective on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 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.