Vanguard Group Inc. Grows Stake in CoStar Group, Inc. $CSGP

Vanguard Group Inc. boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 68,847,483 shares of the technology company’s stock after purchasing an additional 420,772 shares during the period. Vanguard Group Inc. owned 0.16% of CoStar Group worth $5,535,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of CoStar Group by 32.4% in the 1st quarter. CWM LLC now owns 8,790 shares of the technology company’s stock worth $696,000 after purchasing an additional 2,153 shares during the period. Csenge Advisory Group purchased a new stake in CoStar Group during the 1st quarter valued at $201,000. Lindbrook Capital LLC lifted its position in CoStar Group by 305.3% in the first quarter. Lindbrook Capital LLC now owns 2,513 shares of the technology company’s stock worth $199,000 after buying an additional 1,893 shares during the last quarter. Wealth Alliance LLC lifted its position in CoStar Group by 8.5% in the first quarter. Wealth Alliance LLC now owns 5,306 shares of the technology company’s stock worth $420,000 after buying an additional 415 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in CoStar Group during the first quarter worth $233,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSGP. Robert W. Baird increased their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a research report on Thursday, October 9th. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.38.

CoStar Group Price Performance

CoStar Group stock opened at $66.81 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 1,336.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The firm has a 50-day moving average of $77.65 and a two-hundred day moving average of $81.64. CoStar Group, Inc. has a 1 year low of $63.82 and a 1 year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. 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 forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Insiders Place Their Bets

In other CoStar Group 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 sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.09% of the stock is currently owned by company insiders.

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.