CoStar Group, Inc. $CSGP Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,223 shares of the technology company’s stock after purchasing an additional 6,873 shares during the period. American Century Companies Inc.’s holdings in CoStar Group were worth $5,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. Integrated Wealth Concepts LLC acquired a new stake in CoStar Group during the 4th quarter worth about $312,000. Susquehanna Fundamental Investments LLC acquired a new stake in CoStar Group during the 4th quarter worth about $1,589,000. Northern Trust Corp grew its position in CoStar Group by 21.2% during the 4th quarter. Northern Trust Corp now owns 3,993,324 shares of the technology company’s stock worth $285,882,000 after purchasing an additional 697,721 shares during the period. Schonfeld Strategic Advisors LLC grew its position in CoStar Group by 1,451.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 153,429 shares of the technology company’s stock worth $10,984,000 after purchasing an additional 143,542 shares during the period. Finally, Davidson Kahn Capital Management LLC acquired a new stake in CoStar Group during the 4th quarter worth about $2,399,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Trading Up 1.0%

CSGP stock opened at $90.33 on Friday. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $97.43. The stock has a market cap of $38.27 billion, a price-to-earnings ratio of 361.32, a PEG ratio of 4.36 and a beta of 0.85. The business’s 50-day moving average is $87.79 and its 200 day moving average is $81.03.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. During the same period in the previous year, the firm posted $0.15 EPS. CoStar Group’s 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. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the sale, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Needham & Company LLC raised their target price on CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup raised their target price on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

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.