Vestmark Advisory Solutions Inc. Increases Position in CoStar Group, Inc. $CSGP

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in CoStar Group by 56.2%, acquiring a total of 11,040 shares valued at approximately $875,000.
• CoStar Group's stock has recently seen a 1.9% increase and currently trades around $89.66, with a market cap of $37.98 billion.
• Analysts have issued a mix of ratings, with most indicating a buy, resulting in an average target price of $93.25 for CoStar Group shares.

Vestmark Advisory Solutions Inc. lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 56.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,040 shares of the technology company's stock after purchasing an additional 3,973 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in CoStar Group were worth $875,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group in the 1st quarter worth $29,000. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group in the 1st quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group in the 1st quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group in the 1st quarter worth $31,000. Finally, Cullen Frost Bankers Inc. boosted its position 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 worth $32,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of NASDAQ CSGP traded up $1.67 during trading on Friday, reaching $90.03. 979,538 shares of the company traded hands, compared to its average volume of 3,177,445. The firm's fifty day simple moving average is $86.81 and its 200 day simple moving average is $80.60. The stock has a market cap of $38.14 billion, a P/E ratio of 360.30, a PEG ratio of 4.30 and a beta of 0.85. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

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 for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company's revenue was up 15.2% on a year-over-year basis. During the same quarter last 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. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group 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 completion of the transaction, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total value 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. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CSGP shares. William Blair restated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Bank of America initiated coverage on CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target for the company. 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. Finally, Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned 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 an average target price of $93.25.

CoStar Group Company 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.