Mattern Capital Management LLC Acquires 1,173 Shares of CoStar Group, Inc. $CSGP

Mattern Capital Management LLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,063 shares of the technology company’s stock after purchasing an additional 1,173 shares during the period. Mattern Capital Management LLC’s holdings in CoStar Group were worth $889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CoStar Group by 15.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,155 shares of the technology company’s stock valued at $12,072,000 after purchasing an additional 19,547 shares during the period. ASR Vermogensbeheer N.V. raised its position in shares of CoStar Group by 222.1% in the second quarter. ASR Vermogensbeheer N.V. now owns 21,826 shares of the technology company’s stock valued at $1,755,000 after purchasing an additional 15,049 shares during the period. Chicago Capital LLC raised its position in shares of CoStar Group by 2.2% in the second quarter. Chicago Capital LLC now owns 964,290 shares of the technology company’s stock valued at $77,529,000 after purchasing an additional 20,335 shares during the period. GC Wealth Management RIA LLC bought a new stake in shares of CoStar Group in the second quarter valued at approximately $216,000. Finally, Generate Investment Management Ltd bought a new stake in shares of CoStar Group in the second quarter valued at approximately $6,306,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $83.90 on Friday. The company’s fifty day moving average price is $89.36 and its 200-day moving average price is $82.78. The firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of 335.60, a PEG ratio of 3.84 and a beta of 0.87. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 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 firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’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. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction 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 transaction, the insider owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction 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. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on CSGP shares. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on shares of CoStar Group from $83.00 to $91.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Needham & Company LLC upped their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price 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. Finally, BMO Capital Markets upped their target price on shares of CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Company 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.