Kelly Lawrence W & Associates Inc. CA Trims Stock Position in CoStar Group, Inc. $CSGP

Key Points

• Kelly Lawrence W & Associates Inc. CA has reduced its holdings in CoStar Group, Inc. by 3.8%, now owning 124,640 shares valued at approximately $9.9 million.
• The company's latest earnings report indicated a quarterly revenue increase of 15.2% year-over-year, with earnings per share of $0.17, surpassing expectations.
• Analysts have given CoStar Group a "Moderate Buy" rating, with the average target price set at $93.25.

Kelly Lawrence W & Associates Inc. CA lessened its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 124,640 shares of the technology company's stock after selling 4,900 shares during the period. CoStar Group comprises approximately 2.4% of Kelly Lawrence W & Associates Inc. CA's portfolio, making the stock its 17th largest position. Kelly Lawrence W & Associates Inc. CA's holdings in CoStar Group were worth $9,875,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Compound Planning Inc. increased its holdings in CoStar Group by 45.7% in the 1st quarter. Compound Planning Inc. now owns 8,631 shares of the technology company's stock valued at $684,000 after purchasing an additional 2,706 shares during the last quarter. Norinchukin Bank The grew its stake in shares of CoStar Group by 45.7% in the first quarter. Norinchukin Bank The now owns 33,063 shares of the technology company's stock worth $2,620,000 after acquiring an additional 10,376 shares in the last quarter. Erste Asset Management GmbH grew its stake in shares of CoStar Group by 25.0% in the first quarter. Erste Asset Management GmbH now owns 200,000 shares of the technology company's stock worth $15,846,000 after acquiring an additional 40,000 shares in the last quarter. Credit Agricole S A grew its stake in shares of CoStar Group by 74.5% in the first quarter. Credit Agricole S A now owns 17,048 shares of the technology company's stock worth $1,351,000 after acquiring an additional 7,277 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of CoStar Group by 5.9% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,041 shares of the technology company's stock worth $796,000 after acquiring an additional 558 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Insiders Place Their Bets

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the business'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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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. 1.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on CSGP shares. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research note on Monday, June 16th. Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. BMO Capital Markets boosted their price target 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. Keefe, Bruyette & Woods boosted their price target 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. Finally, Bank of America started coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Stock Up 3.2%

Shares of CoStar Group stock traded up $2.86 during trading on Friday, hitting $91.22. 2,875,172 shares of the stock were exchanged, compared to its average volume of 3,010,331. The stock has a market cap of $38.65 billion, a price-to-earnings ratio of 364.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. The firm's 50-day moving average price is $87.01 and its 200 day moving average price is $80.73. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. 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 (NASDAQ:CSGP - Get Free Report) last released 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. The business had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.