Visualize Group LP Grows Position in CoStar Group, Inc. $CSGP

Key Points

• Visualize Group LP increased its stake in CoStar Group, Inc. by 10.9%, now holding 244,435 shares worth approximately $19.37 million, making it the fourth largest holding in their portfolio.
• CoStar Group reported an EPS of $0.17 for the latest quarter, surpassing analysts' expectations of $0.14, and its revenue increased by 15.2% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for CoStar Group, with a target price averaging $93.25, amid various upgrades to their price targets by research firms.

Visualize Group LP boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,435 shares of the technology company's stock after acquiring an additional 24,044 shares during the quarter. CoStar Group comprises about 10.4% of Visualize Group LP's holdings, making the stock its 4th largest holding. Visualize Group LP owned approximately 0.06% of CoStar Group worth $19,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock valued at $5,421,448,000 after purchasing an additional 2,709,320 shares in the last quarter. Baillie Gifford & Co. increased its position in CoStar Group by 6.6% in the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company's stock worth $668,400,000 after buying an additional 524,601 shares during the period. Mizuho Markets Americas LLC acquired a new stake in CoStar Group in the first quarter worth $586,403,000. Polen Capital Management LLC increased its position in CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company's stock worth $523,061,000 after buying an additional 104,612 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of CoStar Group by 1.7% during the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company's stock valued at $341,129,000 after purchasing an additional 70,561 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the transaction, the insider directly 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. Insiders sold 52,033 shares of company stock valued at $4,777,764 in the last quarter. 1.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CSGP shares. JPMorgan Chase & Co. raised their target price on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wolfe Research started coverage on CoStar Group in a research note on Wednesday. They set an "outperform" rating and a $105.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $94.15.

CoStar Group Price Performance

CSGP traded up $0.36 during trading on Friday, hitting $89.46. The company's stock had a trading volume of 1,666,535 shares, compared to its average volume of 2,477,359. The firm's 50 day moving average price is $88.77 and its two-hundred day moving average price is $81.63. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 357.84, a price-to-earnings-growth ratio of 4.61 and a beta of 0.87.

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, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal 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.