71,000 Shares in CoStar Group, Inc. $CSGP Bought by Strs Ohio

Key Points

• Strs Ohio acquired a new stake by purchasing 71,000 shares of CoStar Group, Inc. valued at approximately $5,625,000 in the first quarter.
• Several analysts have updated their ratings on CoStar Group, with Wolfe Research issuing an "outperform" rating and a price target of $105.00.
• CoStar Group reported earnings of $0.17 per share in its last quarterly report, beating expectations and demonstrating a 15.2% increase in revenue year-over-year.

Strs Ohio purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 71,000 shares of the technology company's stock, valued at approximately $5,625,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CSGP. Farther Finance Advisors LLC increased its holdings in shares of CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after acquiring an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in CoStar Group during the 1st quarter worth $221,000. PFG Investments LLC acquired a new stake in CoStar Group during the 1st quarter worth about $234,000. Golden State Wealth Management LLC lifted its position in CoStar Group by 6.3% during the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after acquiring an additional 200 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of CoStar Group by 11.2% in the 1st quarter. American Century Companies Inc. now owns 68,223 shares of the technology company's stock valued at $5,405,000 after buying an additional 6,873 shares during the period. 96.60% of the stock is owned by institutional investors.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred 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 approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred 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 sale, the insider owned 293,103 shares of the company's stock, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. William Blair reissued an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup boosted their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wolfe Research assumed coverage on CoStar Group in a research note on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 price objective for the company. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Stock Performance

Shares of CSGP stock traded down $0.84 during mid-day trading on Tuesday, hitting $88.13. 2,116,032 shares of the stock were exchanged, compared to its average volume of 2,138,171. The stock's fifty day simple moving average is $89.60 and its two-hundred day simple moving average is $82.18. The stock has a market capitalization of $37.34 billion, a price-to-earnings ratio of 352.52, a P/E/G ratio of 4.10 and a beta of 0.87. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. 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 (NASDAQ:CSGP - Get Free Report) last issued 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. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same quarter last year, the company posted $0.15 earnings per share. The business's quarterly 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, analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

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.