CoStar Group, Inc. $CSGP Holdings Raised by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,582 shares of the technology company’s stock after buying an additional 356 shares during the quarter. UniSuper Management Pty Ltd’s holdings in CoStar Group were worth $3,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in CoStar Group in the 1st quarter worth approximately $29,000. Bayforest Capital Ltd purchased a new stake in CoStar Group in the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT purchased a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $88.14 on Wednesday. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The firm’s fifty day simple moving average is $89.05 and its 200 day simple moving average is $81.80. 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 capitalization of $37.34 billion, a PE ratio of 352.56, a PEG ratio of 4.05 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the business posted $0.15 EPS. CoStar Group’s 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, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSGP shares. Royal Bank Of Canada raised their price target on shares of CoStar Group from $83.00 to $91.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Wolfe Research started coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target on the stock. Wells Fargo & Company restated an “underweight” rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Finally, Citigroup raised their price target on shares of CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 52,033 shares of company stock worth $4,777,764 over the last 90 days. Company insiders own 1.09% of the company’s stock.

CoStar Group 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.