Landscape Capital Management L.L.C. Takes $293,000 Position in CoStar Group, Inc. $CSGP

Key Points

• Landscape Capital Management L.L.C. has made a new investment of approximately $293,000 in CoStar Group, purchasing 3,700 shares in the first quarter.
• CoStar Group's institutional ownership is high at 96.60%, with significant holdings from clients like Vanguard Group, which increased its stake by 4.1%.
• Analysts are optimistic about CoStar Group's performance, with multiple price target upgrades, including a boost from $95.00 to $100.00 by Keefe, Bruyette & Woods, reflecting a consensus rating of "Moderate Buy."

Landscape Capital Management L.L.C. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,700 shares of the technology company's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew 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 buying an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in CoStar Group during the first quarter valued at about $221,000. PFG Investments LLC bought a new stake in CoStar Group during the first quarter valued at about $234,000. Golden State Wealth Management LLC boosted its position in CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock valued at $268,000 after purchasing an additional 200 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in CoStar Group by 11.2% during the first quarter. American Century Companies Inc. now owns 68,223 shares of the technology company's stock valued at $5,405,000 after purchasing an additional 6,873 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CSGP shares. BMO Capital Markets raised 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. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research report on Monday, June 16th. Keefe, Bruyette & Woods raised their price objective on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Needham & Company LLC raised their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Stock Down 0.3%

NASDAQ CSGP traded down $0.26 during trading on Wednesday, hitting $87.86. The company's stock had a trading volume of 2,066,188 shares, compared to its average volume of 2,581,486. 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 cap of $37.22 billion, a PE ratio of 351.44, a P/E/G ratio of 4.36 and a beta of 0.87. The business's 50 day simple moving average is $88.45 and its 200-day simple moving average is $81.43. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. During the same period last year, the business posted $0.15 earnings per share. The company's revenue for the quarter 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. On average, equities analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% 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, 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 completion of the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock valued at $4,777,764 over the last 90 days. Company insiders own 1.09% of the company's stock.

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.