Index Fund Advisors Inc. Acquires New Holdings in CoStar Group, Inc. $CSGP

Index Fund Advisors Inc. bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,278 shares of the technology company’s stock, valued at approximately $264,000.

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

CoStar Group Trading Down 2.5%

CoStar Group stock opened at $75.58 on Monday. The stock has a 50-day moving average price of $87.58 and a 200 day moving average price of $82.84. The company has a market capitalization of $32.02 billion, a price-to-earnings ratio of 302.32, a price-to-earnings-growth ratio of 3.48 and a beta of 0.87. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. 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 (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the firm posted $0.15 EPS. CoStar Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the sale, the insider owned 319,539 shares in the company, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 over the last 90 days. 1.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CSGP shares. Keefe, Bruyette & Woods boosted their target price on CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. BTIG Research started coverage on CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.15.

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.