Thematics Asset Management Has $7.45 Million Stake in CoStar Group, Inc. $CSGP

Key Points

• Thematics Asset Management reduced its stake in CoStar Group, Inc. by 7.5% in Q1, holding 94,074 shares valued at $7.45 million after selling 7,597 shares.
• Despite some sell-offs, institutional investors own 96.60% of CoStar Group, with significant purchases from Mizuho Markets, Vanguard Group, and Nuveen LLC in the first quarter.
• CoStar Group reported a quarterly earnings per share of $0.17, surpassing estimates, and projecting FY 2025 guidance between $0.780 and $0.800 EPS.

Thematics Asset Management cut its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,074 shares of the technology company's stock after selling 7,597 shares during the period. Thematics Asset Management's holdings in CoStar Group were worth $7,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after buying an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group during the 1st quarter worth approximately $221,000. PFG Investments LLC acquired a new stake in shares of CoStar Group in the first quarter valued at approximately $234,000. Golden State Wealth Management LLC lifted its position in shares of CoStar Group by 6.3% in the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after purchasing an additional 200 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in CoStar Group during the first quarter worth $4,835,000. Institutional investors and hedge funds own 96.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods increased 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. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Wells Fargo & Company reissued an "underweight" rating and issued a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Citigroup boosted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets lifted 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Stock Performance

NASDAQ CSGP traded up $0.88 on Thursday, reaching $90.33. The stock had a trading volume of 1,988,958 shares, compared to its average volume of 3,159,605. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The company has a market cap of $38.27 billion, a P/E ratio of 361.32, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. The firm has a fifty day moving average of $87.57 and a two-hundred day moving average of $80.94. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million for 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%. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

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 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 transaction, the insider owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business's stock in a transaction dated Monday, July 28th. The stock was 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 of the company's stock, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

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.