United Services Automobile Association Makes New $740,000 Investment in CoStar Group, Inc. $CSGP

United Services Automobile Association bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the first quarter, according to its most recent filing with the SEC. The fund bought 9,336 shares of the technology company’s stock, valued at approximately $740,000.

Several other large investors also recently modified their holdings of CSGP. Bayforest Capital Ltd bought a new position in CoStar Group during the first quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of CoStar Group during the 1st quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the 1st quarter worth about $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group in the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares in the company, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction 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 directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 in the last quarter. 1.09% of the stock is owned by corporate insiders.

CoStar Group Price Performance

NASDAQ:CSGP opened at $88.06 on Tuesday. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of 352.24, a P/E/G ratio of 4.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The stock has a fifty day moving average of $88.93 and a 200 day moving average of $81.75. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the firm posted $0.15 earnings per share. CoStar Group’s quarterly 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. On average, research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CSGP shares. Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a research report on Monday, June 16th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wolfe Research initiated coverage on CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.