Moors & Cabot Inc. Takes $1.63 Million Position in CoStar Group, Inc. $CSGP

Moors & Cabot Inc. bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,233 shares of the technology company’s stock, valued at approximately $1,627,000.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC grew its stake in shares of CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after acquiring an additional 108 shares during the last quarter. Emerald Advisers LLC raised its position in CoStar Group by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after acquiring an additional 110 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in shares of CoStar Group by 2.5% during the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock valued at $412,000 after purchasing an additional 126 shares in the last quarter. Yousif Capital Management LLC increased its holdings in CoStar Group by 0.3% in the second quarter. Yousif Capital Management LLC now owns 49,852 shares of the technology company’s stock valued at $4,008,000 after buying an additional 130 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in CoStar Group by 5.0% in the 2nd quarter. MGO One Seven LLC now owns 3,006 shares of the technology company’s stock worth $242,000 after purchasing an additional 143 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Trading Down 4.4%

NASDAQ:CSGP opened at $67.36 on Friday. 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 has a market capitalization of $28.55 billion, a PE ratio of 1,347.20, a P/E/G ratio of 3.32 and a beta of 0.86. The stock’s 50 day moving average price is $81.00 and its 200 day moving average price is $82.29. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43.

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

Analyst Upgrades and Downgrades

CSGP has been the subject of several research analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Needham & Company LLC increased their price objective on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Activity

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction 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 of the company’s stock, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.09% of the company’s stock.

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.