CoStar Group, Inc. $CSGP Shares Purchased by National Pension Service

Key Points

• The National Pension Service increased its holdings in CoStar Group, Inc. by 9.2% during Q1, owning 537,062 shares worth approximately $42.55 million.
• Several hedge funds, including Mizuho Markets Americas LLC and Capital International Investors, have significantly increased their stakes in CoStar Group, with 96.60% of the stock now owned by institutional investors.
• Analysts have raised their price targets for CoStar Group, with a consensus target of $93.25 and strong interest reflected in a majority of buy ratings.

National Pension Service raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,062 shares of the technology company's stock after purchasing an additional 45,316 shares during the period. National Pension Service owned about 0.13% of CoStar Group worth $42,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CSGP. Farther Finance Advisors LLC raised its position in shares of CoStar Group by 42.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after acquiring an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of CoStar Group during the 1st quarter worth about $221,000. PFG Investments LLC acquired a new stake in shares of CoStar Group during the 1st quarter worth about $234,000. Golden State Wealth Management LLC raised its position in shares of CoStar Group by 6.3% during the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after acquiring an additional 200 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of CoStar Group during the 1st quarter worth about $4,835,000. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Performance

Shares of CSGP stock traded up $0.79 during midday trading on Tuesday, hitting $88.95. The company had a trading volume of 2,452,106 shares, compared to its average volume of 3,201,030. The company's 50 day simple moving average is $86.41 and its 200 day simple moving average is $80.40. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The stock has a market cap of $37.68 billion, a price-to-earnings ratio of 355.80, a PEG ratio of 4.37 and a beta of 0.85. 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 announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the business posted $0.15 EPS. The company's 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. Research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on 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 sale, the insider owned 319,539 shares in the company, 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CSGP shares. BMO Capital Markets raised their target price on CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. William Blair reissued an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Bank of America started coverage on CoStar Group in a research note on Friday, May 30th. They set 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, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

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.