CoStar Group, Inc. $CSGP Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,556 shares of the technology company’s stock after selling 375 shares during the period. Chatham Capital Group Inc.’s holdings in CoStar Group were worth $366,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 valued at $5,421,448,000 after buying an additional 2,709,320 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of CoStar Group by 6.6% during the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock valued at $668,400,000 after acquiring an additional 524,601 shares during the period. Mizuho Markets Americas LLC purchased a new stake in shares of CoStar Group in the 1st quarter valued at approximately $586,403,000. Polen Capital Management LLC boosted its stake in CoStar Group by 1.6% in the 1st quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock worth $523,061,000 after purchasing an additional 104,612 shares during the period. Finally, Invesco Ltd. grew its position in CoStar Group by 1.7% during the 1st quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock worth $341,129,000 after purchasing an additional 70,561 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 1.1%

CSGP opened at $83.99 on Friday. The company has a market capitalization of $35.58 billion, a PE ratio of 335.96, a price-to-earnings-growth ratio of 3.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The business has a 50-day moving average of $89.73 and a 200-day moving average of $82.65.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to the consensus estimate 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 was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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 dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the sale, the chief accounting officer directly 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. In the last ninety days, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on CSGP shares. Royal Bank Of Canada increased their target price on CoStar Group from $83.00 to $91.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Wolfe Research began coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target on the stock. BMO Capital Markets increased their price objective on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Needham & Company LLC lifted their target price on CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating 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 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 issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

About CoStar Group

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.