Lincoln Capital LLC Makes New Investment in CoStar Group, Inc. $CSGP

Key Points

• Lincoln Capital LLC acquired 21,275 shares of CoStar Group, Inc. ($CSGP), valued at approximately $1.72 million, during the 1st quarter of the year.
• Institutional ownership is high, with 96.60% of CoStar's stock held by institutional investors, including significant investments from Mizuho Markets and Vanguard Group.
• Recent analyst ratings show a consensus rating of "Moderate Buy" for CoStar Group, with a price target averaging around $93.25, reflecting positive sentiment towards the company's performance and future outlook.

Lincoln Capital LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,275 shares of the technology company's stock, valued at approximately $1,721,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp raised its stake in shares of CoStar Group by 0.9% during the first quarter. Northern Trust Corp now owns 4,027,534 shares of the technology company's stock worth $319,102,000 after buying an additional 34,210 shares during the last quarter. Brooklyn Investment Group grew its holdings in CoStar Group by 84.2% during the first quarter. Brooklyn Investment Group now owns 2,010 shares of the technology company's stock valued at $159,000 after purchasing an additional 919 shares during the period. Summit Securities Group LLC grew its holdings in CoStar Group by 219.8% during the first quarter. Summit Securities Group LLC now owns 13,000 shares of the technology company's stock valued at $1,030,000 after purchasing an additional 8,935 shares during the period. 17 Capital Partners LLC acquired a new position in CoStar Group during the first quarter valued at approximately $327,000. Finally, Raymond James Financial Inc. grew its holdings in CoStar Group by 6.9% during the first quarter. Raymond James Financial Inc. now owns 686,911 shares of the technology company's stock valued at $54,424,000 after purchasing an additional 44,465 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

Shares of CSGP traded up $2.86 during mid-day trading on Friday, reaching $91.22. The company had a trading volume of 2,875,161 shares, compared to its average volume of 3,189,193. The company's 50 day simple moving average is $86.81 and its 200 day simple moving average is $80.60. 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, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The company has a market capitalization of $38.65 billion, a price-to-earnings ratio of 364.88, a P/E/G ratio of 4.30 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping 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 business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the company earned $0.15 EPS. The firm's 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. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm'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 transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the transaction, the insider owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their position. The disclosure for this sale can be found here. 1.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and set a $85.00 price objective on shares of CoStar Group in a report on Wednesday, April 30th. Citigroup boosted their price objective on shares of CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a report on Monday, June 16th. Needham & Company LLC upped their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an "underweight" rating and set a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and a consensus target price of $93.25.

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.