Dimensional Fund Advisors LP Grows Position in CoStar Group, Inc. $CSGP

Key Points

• Dimensional Fund Advisors LP raised its stake in CoStar Group, Inc. by 7.5% during the 1st quarter, owning approximately $170.1 million worth of the company.
• CoStar Group reported $0.17 EPS for the recent quarter, exceeding analyst expectations, along with a revenue increase of 15.2% year-over-year.
• Bank of America and Stephens are among analysts with varying ratings on CoStar Group, with a consensus rating of "Moderate Buy" and an average target price of $93.25.

Dimensional Fund Advisors LP raised its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,146,596 shares of the technology company's stock after purchasing an additional 149,035 shares during the period. Dimensional Fund Advisors LP owned 0.51% of CoStar Group worth $170,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of CoStar Group in the first quarter worth $29,000. Bayforest Capital Ltd bought a new position in CoStar Group in the 1st quarter worth about $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of CoStar Group in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new stake in shares of CoStar Group during the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reissued an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Needham & Company LLC raised their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup lifted their price target on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets increased their price objective on 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $93.25.

CoStar Group Trading Down 0.8%

Shares of CoStar Group stock traded down $0.71 during trading on Monday, reaching $90.51. 1,687,474 shares of the stock were exchanged, compared to its average volume of 3,010,331. 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 firm has a market cap of $38.34 billion, a price-to-earnings ratio of 362.04, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The stock's fifty day moving average is $87.18 and its 200 day moving average is $80.82.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior year, the company posted $0.15 EPS. CoStar Group's quarterly revenue was up 15.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

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.