170,000 Shares in CoStar Group, Inc. $CSGP Acquired by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA has acquired 170,000 shares of CoStar Group, Inc. valued at approximately $13.47 million, making it the 20th largest holding in their portfolio.
• Several hedge funds, including Mercer Global Advisors and Deutsche Bank, have significantly increased their positions in CoStar Group during the 4th quarter.
• CoStar Group reported a 15.2% increase in revenue year-over-year, with a quarterly earnings beat of $0.17 EPS against an estimate of $0.14.

Petrus Trust Company LTA purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 170,000 shares of the technology company's stock, valued at approximately $13,469,000. CoStar Group accounts for about 1.3% of Petrus Trust Company LTA's holdings, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. Colonial Trust Co SC grew its position 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 acquiring an additional 145 shares during the period. Aurora Investment Managers LLC. boosted its holdings in CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after purchasing an additional 164 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of 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 acquiring an additional 179 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of CoStar Group by 28.3% in the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after acquiring an additional 186 shares during the last quarter. Finally, Kentucky Retirement Systems increased its holdings in shares of CoStar Group by 0.7% in the 1st quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock valued at $2,246,000 after acquiring an additional 186 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of NASDAQ CSGP traded up $0.08 during trading hours on Tuesday, hitting $88.14. 2,625,864 shares of the company's stock were exchanged, compared to its average volume of 2,456,650. The company's 50-day moving average price is $88.93 and its 200-day moving average price is $81.75. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year 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 stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 352.56, a PEG ratio of 4.05 and a beta of 0.87.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 price target (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Needham & Company LLC lifted their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.15.

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 completion of the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,033 shares of company stock valued at $4,777,764. Insiders own 1.09% of the company's stock.

About CoStar Group

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.