Aberdeen Group plc Grows Position in CoStar Group, Inc. $CSGP

Aberdeen Group plc grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,237 shares of the technology company’s stock after buying an additional 10,368 shares during the quarter. Aberdeen Group plc owned 0.06% of CoStar Group worth $20,843,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after buying an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in CoStar Group during the first quarter worth approximately $221,000. Generate Investment Management Ltd purchased a new stake in CoStar Group during the second quarter worth approximately $6,306,000. PFG Investments LLC purchased a new stake in CoStar Group during the first quarter worth approximately $234,000. Finally, Golden State Wealth Management LLC grew its stake in CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after buying an additional 200 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSGP has been the topic of a number of recent research reports. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. Needham & Company LLC boosted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated 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 owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 in the last ninety days. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $75.18 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company’s 50-day simple moving average is $87.14 and its 200-day simple moving average is $82.81. The stock has a market capitalization of $31.85 billion, a price-to-earnings ratio of 300.72, a PEG ratio of 3.48 and a beta of 0.87.

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 the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal 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.