Norden Group LLC Grows Stock Position in CoStar Group, Inc. $CSGP

Norden Group LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,617 shares of the technology company’s stock after buying an additional 1,060 shares during the quarter. Norden Group LLC’s holdings in CoStar Group were worth $1,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mizuho Markets Americas LLC purchased a new stake in CoStar Group in the 1st quarter worth approximately $586,403,000. Vanguard Group Inc. boosted its holdings in CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after buying an additional 2,709,320 shares in the last quarter. Third Point LLC purchased a new stake in CoStar Group during the first quarter worth $156,479,000. Nuveen LLC acquired a new stake in CoStar Group during the first quarter valued at $82,756,000. Finally, Kensico Capital Management Corp increased its holdings in CoStar Group by 86.0% in the first quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock valued at $105,479,000 after buying an additional 615,500 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

NASDAQ CSGP opened at $84.05 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The stock’s 50 day simple moving average is $89.78 and its 200-day simple moving average is $82.54. The company has a market cap of $35.61 billion, a PE ratio of 336.20, a price-to-earnings-growth ratio of 3.93 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $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 research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSGP shares. Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. 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. Needham & Company LLC raised their price objective on CoStar Group from $98.00 to $105.00 and gave the company a “buy” 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 company a “buy” rating in a research report on Thursday, July 24th. Finally, Wolfe Research assumed coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction dated 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 owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The sale 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 the stock in a transaction dated 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 sale, the insider owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,033 shares of company stock worth $4,777,764. Insiders own 1.09% of the company’s stock.

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.