CoStar Group, Inc. $CSGP Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its stake in CoStar Group by 6.6%, acquiring an additional 6,341 shares in the second quarter, bringing its total to 103,124 shares valued at approximately $8.29 million.
• Several institutional investors have recently adjusted their positions in CoStar Group, contributing to a significant ownership concentration, with 96.60% of the company now held by institutional investors and hedge funds.
• Analysts maintain a Moderate Buy rating for CoStar Group stock, with an average target price of $94.15, following several upgrades from different financial institutions.

Czech National Bank raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,124 shares of the technology company's stock after acquiring an additional 6,341 shares during the period. Czech National Bank's holdings in CoStar Group were worth $8,291,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CSGP. Mizuho Markets Americas LLC bought a new stake in shares of CoStar Group in the 1st quarter worth about $586,403,000. Vanguard Group Inc. increased its holdings in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock worth $5,421,448,000 after buying an additional 2,709,320 shares during the last quarter. Third Point LLC bought a new stake in shares of CoStar Group in the 1st quarter worth about $156,479,000. Nuveen LLC bought a new stake in shares of CoStar Group in the 1st quarter worth about $82,756,000. Finally, Kensico Capital Management Corp grew its holdings in CoStar Group by 86.0% during the 1st quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company's stock valued at $105,479,000 after purchasing an additional 615,500 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Down 2.4%

Shares of NASDAQ CSGP traded down $2.16 during trading hours on Friday, hitting $87.10. 5,822,564 shares of the stock were exchanged, compared to its average volume of 2,133,424. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $36.90 billion, a PE ratio of 348.40, a PEG ratio of 4.01 and a beta of 0.87. The firm has a fifty day moving average price of $89.76 and a 200-day moving average price of $82.42. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million during 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%. CoStar Group's revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 319,539 shares in the company, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business's 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 transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 price target (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Robert W. Baird upped their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. William Blair reiterated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

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.