Regatta Capital Group LLC Grows Stake in CoStar Group, Inc. $CSGP

Regatta Capital Group LLC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,034 shares of the technology company’s stock after purchasing an additional 413 shares during the quarter. Regatta Capital Group LLC’s holdings in CoStar Group were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foster Victor Wealth Advisors LLC lifted its holdings in shares of CoStar Group by 2.2% during the second quarter. Foster Victor Wealth Advisors LLC now owns 200,713 shares of the technology company’s stock valued at $16,960,000 after purchasing an additional 4,325 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of CoStar Group by 58.8% during the second quarter. Public Employees Retirement System of Ohio now owns 204,904 shares of the technology company’s stock valued at $16,474,000 after purchasing an additional 75,900 shares in the last quarter. Buttonwood Financial Advisors Inc. bought a new position in shares of CoStar Group during the second quarter valued at $431,000. Norden Group LLC lifted its holdings in shares of CoStar Group by 6.8% during the second quarter. Norden Group LLC now owns 16,617 shares of the technology company’s stock valued at $1,336,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of CoStar Group by 19.5% during the second quarter. Fifth Third Bancorp now owns 12,029 shares of the technology company’s stock valued at $967,000 after purchasing an additional 1,961 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CSGP shares. Bank of America started coverage on CoStar Group in a report on Friday, May 30th. They issued a “neutral” rating and a $79.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Citigroup increased their target price on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wolfe Research began coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Stephens raised CoStar Group to a “strong-buy” rating and set a $105.00 price objective on the stock in a research note on Monday, June 16th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $84.05 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. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The stock has a 50-day moving average price of $89.78 and a 200 day moving average price of $82.54. The stock has a market capitalization of $35.61 billion, a P/E ratio of 336.20, a P/E/G ratio of 3.93 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. 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 forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the transaction, the insider 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 filing with the SEC, which is available through this link. Also, 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 value of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 company insiders.

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.