Oarsman Capital Inc. Raises Holdings in CoStar Group, Inc. $CSGP

Oarsman Capital Inc. increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,766 shares of the technology company’s stock after purchasing an additional 201 shares during the period. Oarsman Capital Inc.’s holdings in CoStar Group were worth $624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rossby Financial LCC raised its holdings in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. Wayfinding Financial LLC purchased a new position in CoStar Group during the first quarter valued at approximately $29,000. Bayforest Capital Ltd purchased a new position in CoStar Group during the first quarter valued at approximately $29,000. Zions Bancorporation National Association UT bought a new position in CoStar Group in the first quarter worth approximately $31,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in CoStar Group during the first quarter worth $31,000. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CSGP shares. Robert W. Baird lifted their price target on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. BMO Capital Markets raised their price objective on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $70.00 target price (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.15.

Insiders Place Their Bets

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.09% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP stock opened at $78.23 on Wednesday. CoStar Group, Inc. has a fifty-two week low of $68.41 and a fifty-two week high of $97.43. 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 firm has a market capitalization of $33.14 billion, a price-to-earnings ratio of 312.92, a PEG ratio of 3.67 and a beta of 0.87. The stock’s 50-day simple moving average is $83.83 and its 200-day simple moving average is $82.79.

CoStar Group (NASDAQ:CSGP) last released 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 company had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. CoStar Group’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.