MBB Public Markets I LLC Invests $316,000 in CoStar Group, Inc. $CSGP

Key Points

• MBB Public Markets I LLC invested approximately $316,000 in CoStar Group, acquiring a total of 3,991 shares in the technology company.
• Several institutional investors, including Nissay Asset Management Corp Japan ADV, increased their holdings in CoStar Group during the fourth quarter, showing strong institutional interest in the stock.
• CoStar Group has a consensus rating of "Moderate Buy" with an average price target of $94.15, indicating positive sentiment among analysts despite some mixed ratings.

MBB Public Markets I LLC acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,991 shares of the technology company's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds also recently modified their holdings of CSGP. Fiduciary Trust Co boosted its position in shares of CoStar Group by 9.8% during the fourth quarter. Fiduciary Trust Co now owns 3,988 shares of the technology company's stock worth $286,000 after buying an additional 355 shares during the period. NorthRock Partners LLC acquired a new position in shares of CoStar Group during the fourth quarter worth about $321,000. No Street GP LP acquired a new position in shares of CoStar Group during the fourth quarter worth about $25,414,000. Night Owl Capital Management LLC boosted its position in shares of CoStar Group by 2.8% during the fourth quarter. Night Owl Capital Management LLC now owns 101,649 shares of the technology company's stock worth $7,277,000 after buying an additional 2,747 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of CoStar Group by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 92,109 shares of the technology company's stock worth $6,652,000 after buying an additional 3,665 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSGP has been the topic of several analyst reports. Wells Fargo & Company reiterated 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. Wolfe Research initiated coverage on CoStar Group in a report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a report on Monday, June 16th. Finally, Bank of America initiated coverage on CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 target price on the stock. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, CoStar Group has a consensus rating of "Moderate Buy" and an average price target of $94.15.

CoStar Group Price Performance

NASDAQ:CSGP opened at $88.14 on Wednesday. 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 stock's 50 day moving average price is $89.05 and its two-hundred day moving average price is $81.80. The firm has a market capitalization of $37.34 billion, a price-to-earnings ratio of 352.56, a P/E/G ratio of 4.05 and a beta of 0.87. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's 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 sale, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were 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 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 sold 52,033 shares of company stock worth $4,777,764 in the last 90 days. Corporate insiders own 1.09% of the company's stock.

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.

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