Primecap Management Co. CA Acquires 31,500 Shares of CoStar Group, Inc. $CSGP

Primecap Management Co. CA grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 55.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,000 shares of the technology company’s stock after buying an additional 31,500 shares during the period. Primecap Management Co. CA’s holdings in CoStar Group were worth $7,075,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC boosted its stake in CoStar Group by 315.9% during the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after acquiring an additional 259 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of CoStar Group during the first quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new position in shares of CoStar Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group in the 1st quarter valued at about $31,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in CoStar Group in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the 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 $26,475,993.99. This represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.09% of the stock is owned by corporate insiders.

CoStar Group Stock Down 0.8%

Shares of NASDAQ:CSGP opened at $65.52 on Friday. CoStar Group, Inc. has a 1 year low of $63.82 and a 1 year high of $97.43. The company has a market capitalization of $27.77 billion, a PE ratio of 1,310.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The business has a fifty day moving average price of $76.82 and a two-hundred day moving average price of $81.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. BTIG Research assumed coverage on shares of CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating for the company. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CoStar Group in a research note on Thursday, November 13th. Finally, Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Monday. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

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.