CoStar Group, Inc. $CSGP Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,169 shares of the technology company’s stock after acquiring an additional 499 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in CoStar Group were worth $647,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CSGP. Mizuho Markets Americas LLC acquired a new stake in CoStar Group in the first quarter valued at approximately $586,403,000. Vanguard Group Inc. raised its holdings in CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock valued at $5,421,448,000 after acquiring an additional 2,709,320 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in CoStar Group by 24.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company’s stock valued at $459,314,000 after acquiring an additional 1,267,263 shares in the last quarter. Nuveen LLC acquired a new stake in CoStar Group in the first quarter valued at approximately $82,756,000. Finally, Kensico Capital Management Corp purchased a new position in CoStar Group in the fourth quarter valued at approximately $51,244,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’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 transaction of $188,764.05. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP opened at $88.25 on Thursday. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $37.39 billion, a PE ratio of 353.00, a price-to-earnings-growth ratio of 4.33 and a beta of 0.85. The company’s 50 day simple moving average is $86.69 and its 200-day simple moving average is $80.52. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $70.00 price target (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Royal Bank Of Canada increased their price target on shares of CoStar Group from $83.00 to $91.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Needham & Company LLC increased their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Citigroup increased their price target on shares of CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

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.