Plato Investment Management Ltd Sells 6,271 Shares of CoStar Group, Inc. $CSGP

Key Points

• Plato Investment Management Ltd reduced its holdings in CoStar Group, Inc. by 45.6%, selling 6,271 shares and bringing its total ownership to 7,473 shares valued at approximately $599,000.
• CoStar Group's latest earnings report showed a 15.2% increase in quarterly revenue year-over-year, totaling $781.30 million, with an earnings per share (EPS) of $0.17, beating expectations.
• Institutional investors now own 96.60% of CoStar Group's stock, indicating strong interest and confidence among large financial entities.

Plato Investment Management Ltd trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 45.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,473 shares of the technology company's stock after selling 6,271 shares during the quarter. Plato Investment Management Ltd's holdings in CoStar Group were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. NorthRock Partners LLC acquired a new position in shares of CoStar Group in the fourth quarter valued at about $321,000. Nissay Asset Management Corp Japan ADV grew its position in shares of CoStar Group by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 92,109 shares of the technology company's stock worth $6,652,000 after purchasing an additional 3,665 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of CoStar Group during the 4th quarter worth approximately $433,000. Quantinno Capital Management LP increased its holdings in shares of CoStar Group by 54.1% during the fourth quarter. Quantinno Capital Management LP now owns 23,007 shares of the technology company's stock worth $1,647,000 after purchasing an additional 8,081 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of CoStar Group by 18.8% in the fourth quarter. ProShare Advisors LLC now owns 542,035 shares of the technology company's stock valued at $38,804,000 after buying an additional 85,839 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Analyst Ratings Changes

CSGP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Citigroup increased their target price on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Needham & Company LLC upped their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets raised their target price on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a report 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 company's stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average price target of $94.15.

CoStar Group Trading Down 0.5%

Shares of NASDAQ:CSGP traded down $0.47 during mid-day trading on Tuesday, reaching $88.51. 949,739 shares of the company's stock were exchanged, compared to its average volume of 3,089,664. 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 twelve month low of $68.26 and a twelve month high of $97.43. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 354.40, a PEG ratio of 4.00 and a beta of 0.87. The business's fifty day moving average price is $89.49 and its 200-day moving average price is $82.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results 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. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the company earned $0.15 EPS. CoStar Group's revenue for the quarter 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, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer directly 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 SEC, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares of the company's stock, 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 over the last quarter. 1.09% of the stock is currently 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.