KBC Group NV Increases Holdings in CoStar Group, Inc. $CSGP

KBC Group NV increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,417 shares of the technology company’s stock after purchasing an additional 2,554 shares during the quarter. KBC Group NV’s holdings in CoStar Group were worth $7,832,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. National Pension Service raised its position in CoStar Group by 0.8% during the second quarter. National Pension Service now owns 541,601 shares of the technology company’s stock valued at $43,545,000 after purchasing an additional 4,539 shares in the last quarter. Pembroke Management LTD bought a new position in shares of CoStar Group during the second quarter valued at about $350,000. STF Management LP lifted its holdings in CoStar Group by 2.1% in the 2nd quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after buying an additional 128 shares during the period. Vise Technologies Inc. bought a new stake in CoStar Group in the second quarter valued at $566,000. Finally, Allworth Financial LP increased its position in shares of CoStar Group by 40.2% during the second quarter. Allworth Financial LP now owns 3,517 shares of the technology company’s stock valued at $283,000 after buying an additional 1,008 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 0.7%

NASDAQ:CSGP opened at $68.05 on Friday. The firm has a market capitalization of $28.84 billion, a P/E ratio of 1,361.00, a PEG ratio of 3.32 and a beta of 0.86. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43. The company’s fifty day moving average price is $78.50 and its 200-day moving average price is $81.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.CoStar Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Transactions at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated 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 completion of the transaction, the insider 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 SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Needham & Company LLC boosted their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CoStar Group in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.