MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 35,621 Shares of CoStar Group, Inc. $CSGP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CoStar Group by 11.1%, owning 355,496 shares worth approximately $28.17 million.
• CoStar Group reported a quarterly earnings per share of $0.17, surpassing analyst estimates and showing a revenue growth of 15.2% year-over-year with a total revenue of $781.30 million.
• Insider sales occurred, with Frederick G. Saint selling 25,000 shares, indicating a reduction in their ownership, and insiders collectively selling shares valued at $4.78 million in the last 90 days.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 355,496 shares of the technology company's stock after acquiring an additional 35,621 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of CoStar Group worth $28,166,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CSGP. Wayfinding Financial LLC acquired a new stake in CoStar Group during the first quarter worth $29,000. Bayforest Capital Ltd bought a new position in shares of CoStar Group in the first quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new stake in CoStar Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group during the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 over the last 90 days. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded up $0.08 during trading hours on Tuesday, reaching $88.14. 2,625,864 shares of the stock traded hands, compared to its average volume of 2,456,650. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The company's 50-day simple moving average is $89.05 and its two-hundred day simple moving average is $81.80. The company has a market capitalization of $37.34 billion, a P/E ratio of 352.56, a price-to-earnings-growth ratio of 4.05 and a beta of 0.87. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million for 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 business's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. 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 forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wolfe Research assumed coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 price target for the company. BMO Capital Markets increased their target price on CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Citigroup lifted their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Bank of America began coverage on CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and a consensus target price of $94.15.

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.