CoStar Group, Inc. $CSGP Stock Holdings Increased by Visualize Group LP

Key Points

• Visualize Group LP increased its stake in CoStar Group, Inc. by 83.4%, now owning 404,091 shares, making it the 4th largest position in its portfolio.
• Insider disclosures reveal that Frederick G. Saint, an insider, sold 25,000 shares for $2.26 million, representing a 7.86% decrease in his position.
• Analysts have a consensus rating of "Moderate Buy" for CoStar Group, with a target price of $94.15, indicating potential growth for the stock.

Visualize Group LP lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 83.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 404,091 shares of the technology company's stock after acquiring an additional 183,700 shares during the quarter. CoStar Group accounts for about 10.5% of Visualize Group LP's portfolio, making the stock its 4th largest position. Visualize Group LP owned 0.10% of CoStar Group worth $32,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock valued at $5,421,448,000 after acquiring an additional 2,709,320 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of CoStar Group by 6.6% during the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company's stock worth $668,400,000 after buying an additional 524,601 shares during the period. Mizuho Markets Americas LLC acquired a new stake in CoStar Group in the first quarter valued at about $586,403,000. Polen Capital Management LLC lifted its position in CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company's stock valued at $523,061,000 after purchasing an additional 104,612 shares during the period. Finally, Invesco Ltd. lifted its position in CoStar Group by 1.7% in the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company's stock valued at $341,129,000 after purchasing an additional 70,561 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer 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. In the last 90 days, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by insiders.

CoStar Group Trading Up 0.4%

CoStar Group stock opened at $89.46 on Monday. 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 $37.90 billion, a PE ratio of 357.84, a price-to-earnings-growth ratio of 4.12 and a beta of 0.87. The firm has a 50 day simple moving average of $88.77 and a 200-day simple moving average of $81.67. 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 earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS 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 during the quarter, compared to analyst estimates of $772.06 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business's quarterly revenue 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. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CSGP shares. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research note on Monday, June 16th. Wolfe Research started coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. BMO Capital Markets upped their target price 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. Finally, Bank of America assumed coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.15.

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.

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