Federation des caisses Desjardins du Quebec Grows Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in CoStar Group, Inc. by 15.0%, amounting to a total investment valued at $2.35 million.
• Wall Street analysts have a generally positive outlook on CoStar Group, with multiple ratings including 12 Buy and 1 Strong Buy, while the average price target is set at $94.15.
• CoStar Group's most recent earnings report exceeded expectations, with a reported $0.17 earnings per share, surpassing the consensus estimate of $0.14.

Federation des caisses Desjardins du Quebec raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,619 shares of the technology company's stock after buying an additional 3,860 shares during the period. Federation des caisses Desjardins du Quebec's holdings in CoStar Group were worth $2,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Farther Finance Advisors LLC raised its position in CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after purchasing an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in CoStar Group during the 1st quarter valued at about $221,000. PFG Investments LLC purchased a new stake in CoStar Group during the 1st quarter valued at about $234,000. Golden State Wealth Management LLC boosted its holdings in 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 valued at $268,000 after acquiring an additional 200 shares during the period. Finally, American Century Companies Inc. boosted its holdings in CoStar Group by 11.2% during the 1st quarter. American Century Companies Inc. now owns 68,223 shares of the technology company's stock valued at $5,405,000 after acquiring an additional 6,873 shares during the period. Institutional investors own 96.60% of the company's stock.

Insider Activity at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were 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 directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This represents a 7.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 over the last 90 days. 1.09% of the stock is currently owned by company insiders.

CoStar Group Stock Performance

Shares of CSGP stock traded up $0.08 during trading hours on Tuesday, reaching $88.14. The company had a trading volume of 2,625,864 shares, compared to its average volume of 2,456,650. The business has a fifty day moving average price of $89.05 and a 200-day moving average price of $81.80. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The firm has a market cap of $37.34 billion, a PE ratio of 352.56, a price-to-earnings-growth ratio of 4.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSGP. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 target price for the company. Robert W. Baird raised their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. BMO Capital Markets raised their price target on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Citigroup raised their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.