OMERS ADMINISTRATION Corp Purchases 5,206 Shares of CoStar Group, Inc. $CSGP

Key Points

• OMERS ADMINISTRATION Corp increased its investment in CoStar Group, Inc. by 16.9%, acquiring an additional 5,206 shares, raising its total holdings to 35,993 shares valued at $2.85 million.
• CoStar Group reported a 15.2% increase in revenue year-over-year, with earnings of $0.17 per share for the latest quarter, exceeding analyst expectations.
• Research analysts have a consensus rating of "Moderate Buy" for CoStar Group, with forecasted price targets varying from $89.00 to $105.00 based on several recent upgrades.

OMERS ADMINISTRATION Corp increased its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,993 shares of the technology company's stock after buying an additional 5,206 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in CoStar Group were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC lifted its position in CoStar Group by 27.4% in the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after buying an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP lifted its position in CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after buying an additional 146 shares during the last quarter. Aurora Investment Managers LLC. lifted its position in CoStar Group by 0.7% in the 1st 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. lifted its position in CoStar Group by 5.0% in the 1st 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. Finally, CVA Family Office LLC lifted its position in CoStar Group by 28.3% in the 1st 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. Institutional investors own 96.60% of the company's stock.

CoStar Group Price Performance

CSGP opened at $89.49 on Friday. 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 52-week low of $68.26 and a 52-week high of $97.43. The stock has a market capitalization of $37.91 billion, a PE ratio of 357.96, a price-to-earnings-growth ratio of 4.40 and a beta of 0.85. The stock's 50 day moving average price is $87.98 and its 200-day moving average price is $81.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted 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. 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 for the quarter, compared to analysts' expectations of $772.06 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The business'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. On average, equities research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the business'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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business'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 value of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of recent research reports. Citigroup boosted their target price on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. BMO Capital Markets boosted 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. Needham & Company LLC boosted 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. Keefe, Bruyette & Woods boosted 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. Finally, Royal Bank Of Canada boosted their price objective on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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