Ieq Capital LLC Acquires 11,785 Shares of CoStar Group, Inc. $CSGP

Key Points

• Ieq Capital LLC increased its holdings in CoStar Group by 142.7%, now owning 20,046 shares valued at approximately $1.59 million as of their latest SEC filing.
• Institutional investors and hedge funds collectively own 96.60% of CoStar Group's stock, with several new acquisitions made in the first quarter.
• Analysts have set a consensus target price of $93.25 for CoStar Group, with varying ratings indicating a mix of optimism and caution towards the stock's performance.

Ieq Capital LLC increased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 142.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,046 shares of the technology company's stock after buying an additional 11,785 shares during the period. Ieq Capital LLC's holdings in CoStar Group were worth $1,588,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in CoStar Group in the first quarter worth about $29,000. Bayforest Capital Ltd bought a new position in shares of CoStar Group during the first quarter valued at approximately $29,000. Zions Bancorporation National Association UT bought a new position in shares of CoStar Group during the first quarter valued at approximately $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of CoStar Group during the first quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock worth $32,000 after purchasing an additional 235 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CoStar Group 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 sale, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,033 shares of company stock valued at $4,777,764. Corporate insiders own 1.09% of the company's stock.

CoStar Group Stock Down 0.3%

Shares of CSGP stock traded down $0.26 during trading on Wednesday, reaching $87.86. The company's stock had a trading volume of 2,066,188 shares, compared to its average volume of 2,581,486. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The stock's 50-day moving average price is $88.45 and its 200 day moving average price is $81.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The company has a market capitalization of $37.22 billion, a price-to-earnings ratio of 351.44, a P/E/G ratio of 4.36 and a beta of 0.87.

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 the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the prior year, the firm earned $0.15 EPS. CoStar Group's revenue for the quarter 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. On average, research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Wolfe Research assumed coverage on shares of CoStar Group in a research note on Wednesday. They set an "outperform" rating and a $105.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Robert W. Baird boosted their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average 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.