NFJ Investment Group LLC Buys Shares of 120,248 CoStar Group, Inc. $CSGP

Key Points

• NFJ Investment Group LLC acquired 120,248 shares of CoStar Group, valued at approximately $9.53 million, during the first quarter.
• Multiple analysts have increased their price targets for CoStar Group, with Keefe, Bruyette & Woods raising it to $100.00 and JPMorgan Chase to $101.00, reflecting positive sentiment around the stock.
• Insider transactions show significant sales, including Frederick G. Saint, who sold 25,000 shares for over $2.25 million, reducing his ownership by nearly 8%.

NFJ Investment Group LLC acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 120,248 shares of the technology company's stock, valued at approximately $9,527,000.

Several other institutional investors have also added to or reduced their stakes in CSGP. Colonial Trust Co SC increased its holdings in CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after buying an additional 145 shares during the period. Aurora Investment Managers LLC. raised its holdings in shares of CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after buying an additional 164 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of CoStar Group by 5.0% in the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after buying an additional 179 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after buying an additional 186 shares during the last quarter. Finally, Kentucky Retirement Systems raised its holdings in shares of CoStar Group by 0.7% in the first quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock worth $2,246,000 after buying an additional 186 shares during the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Up 0.4%

Shares of CoStar Group stock traded up $0.36 during trading hours on Friday, hitting $89.46. The company had a trading volume of 1,666,535 shares, compared to its average volume of 2,439,211. The company's 50-day moving average is $88.77 and its two-hundred day moving average is $81.67. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. 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 cap of $37.90 billion, a P/E ratio of 357.84, a price-to-earnings-growth ratio of 4.12 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results 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 business had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSGP shares. JPMorgan Chase & Co. raised their target price 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. Royal Bank Of Canada lifted their target price on shares of CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Robert W. Baird upped their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research note on Monday, June 16th. Finally, Needham & Company LLC boosted their target price 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. One investment 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 presently has an average rating of "Moderate Buy" and an average target price of $94.15.

Insiders Place Their Bets

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction 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 completion of the transaction, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by company insiders.

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.