Plato Investment Management Ltd Sells 3,004 Shares of CoStar Group, Inc. $CSGP

Plato Investment Management Ltd lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 40.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,469 shares of the technology company’s stock after selling 3,004 shares during the quarter. Plato Investment Management Ltd’s holdings in CoStar Group were worth $358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneva Capital Management LLC increased its stake in CoStar Group by 11.0% in the second quarter. Geneva Capital Management LLC now owns 447,649 shares of the technology company’s stock valued at $35,991,000 after acquiring an additional 44,444 shares during the period. FWG Investments LLC. bought a new stake in CoStar Group in the second quarter valued at about $235,000. Strs Ohio grew its stake in shares of CoStar Group by 14.1% in the 2nd quarter. Strs Ohio now owns 80,981 shares of the technology company’s stock valued at $6,511,000 after purchasing an additional 9,981 shares during the period. Amalgamated Bank grew its stake in shares of CoStar Group by 1.6% in the 2nd quarter. Amalgamated Bank now owns 82,717 shares of the technology company’s stock valued at $6,650,000 after purchasing an additional 1,280 shares during the period. Finally, Atria Investments Inc grew its position in CoStar Group by 11.6% in the second quarter. Atria Investments Inc now owns 56,792 shares of the technology company’s stock valued at $4,566,000 after acquiring an additional 5,885 shares during the period. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CSGP. BMO Capital Markets upped their price target on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Finally, Wolfe Research started 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 0.8%

Shares of NASDAQ:CSGP opened at $69.38 on Tuesday. CoStar Group, Inc. has a 12 month low of $63.82 and a 12 month high of $97.43. The company has a quick ratio of 5.83, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $82.23 and its two-hundred day moving average price is $82.55. The firm has a market cap of $29.40 billion, a P/E ratio of 1,387.60, a P/E/G ratio of 3.32 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period in the prior year, the firm earned $0.22 earnings per share. CoStar Group’s revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. As a group, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS 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.