CoStar Group, Inc. $CSGP Shares Bought by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,240 shares of the technology company’s stock after acquiring an additional 750 shares during the period. CHICAGO TRUST Co NA’s holdings in CoStar Group were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. Wayfinding Financial LLC acquired a new position in CoStar Group during the first quarter worth about $29,000. Bayforest Capital Ltd purchased a new stake in shares of CoStar Group during the first quarter worth about $29,000. Zions Bancorporation National Association UT purchased a new stake in shares of CoStar Group during the first quarter worth about $31,000. GKV Capital Management Co. Inc. purchased a new stake in shares of CoStar Group during the first quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSGP. Stephens upgraded shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target for the company in a report on Monday, June 16th. Robert W. Baird lifted their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Wolfe Research initiated coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. BMO Capital Markets upped their price target on shares of CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. Finally, Citigroup upped their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Insiders Place Their Bets

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the 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 transaction, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock worth $4,777,764 over the last quarter. 1.09% of the stock is currently owned by insiders.

CoStar Group Price Performance

Shares of CSGP stock opened at $86.31 on Tuesday. The company has a market capitalization of $36.57 billion, a PE ratio of 345.24, a price-to-earnings-growth ratio of 4.01 and a beta of 0.87. The firm has a fifty day simple moving average of $89.78 and a 200-day simple moving average of $82.51. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve 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 for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $772.06 million. During the same period in the prior year, the firm earned $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. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.