Ownership Capital B.V. Sells 151,089 Shares of CoStar Group, Inc. $CSGP

Ownership Capital B.V. reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 474,699 shares of the technology company’s stock after selling 151,089 shares during the period. CoStar Group accounts for 2.2% of Ownership Capital B.V.’s holdings, making the stock its 18th biggest holding. Ownership Capital B.V.’s holdings in CoStar Group were worth $38,166,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target 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. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Insiders Place Their Bets

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by insiders.

CoStar Group Stock Up 0.1%

CSGP opened at $78.23 on Wednesday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a market cap of $33.14 billion, a price-to-earnings ratio of 312.92, a PEG ratio of 3.67 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.41 and a twelve month high of $97.43. The company’s 50-day moving average price is $83.83 and its two-hundred day moving average price is $82.79.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $833.60 million for 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%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current 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.