Louisbourg Investments Inc. Acquires Shares of 26,530 CoStar Group, Inc. $CSGP

Louisbourg Investments Inc. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,530 shares of the technology company’s stock, valued at approximately $2,133,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group during the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. 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 report on Wednesday, July 16th. Needham & Company LLC lifted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $94.15.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their position. 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 CoStar Group stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,033 shares of company stock valued at $4,777,764. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $75.58 on Friday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The stock has a market capitalization of $32.02 billion, a PE ratio of 302.32, a P/E/G ratio of 3.57 and a beta of 0.87. The firm has a 50 day moving average of $87.58 and a two-hundred day moving average of $82.80.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. 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 predict 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.