Nissay Asset Management Corp Japan ADV Acquires 9,138 Shares of CoStar Group, Inc. $CSGP

Key Points

• Nissay Asset Management Corp Japan ADV has increased its holdings in CoStar Group, Inc. by 9.9%, acquiring an additional 9,138 shares, bringing its total to 101,247 shares valued at approximately $8.02 million.
• Insider transactions at CoStar Group revealed that Frederick G. Saint sold 25,000 shares for over $2.25 million, representing a 7.86% decrease in his position, while other insiders also sold various amounts of stock.
• Equities analysts have generally optimistic views on CoStar Group, with several firms raising their target prices to between $91.00 and $100.00 and issuing a range of ratings, including one "Strong Buy" and twelve "Buy" ratings.

Nissay Asset Management Corp Japan ADV increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,247 shares of the technology company's stock after acquiring an additional 9,138 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in CoStar Group were worth $8,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the company'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. Insiders own 1.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America began coverage on shares of CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Royal Bank Of Canada boosted 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 note on Wednesday, July 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $94.15.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $89.46 on Friday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. The company's 50 day moving average is $88.77 and its 200 day moving average is $81.65. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $37.90 billion, a PE ratio of 357.84, a price-to-earnings-growth ratio of 4.63 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share 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 company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the prior year, the company earned $0.15 EPS. CoStar Group's quarterly revenue 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, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

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.

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