Intech Investment Management LLC Has $2.61 Million Stake in CoStar Group, Inc. $CSGP

Intech Investment Management LLC boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 52.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,891 shares of the technology company’s stock after acquiring an additional 11,259 shares during the period. Intech Investment Management LLC’s holdings in CoStar Group were worth $2,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in shares of CoStar Group by 54.1% during the fourth quarter. Quantinno Capital Management LP now owns 23,007 shares of the technology company’s stock valued at $1,647,000 after buying an additional 8,081 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of CoStar Group during the fourth quarter valued at about $150,000. Royal Bank of Canada raised its position in shares of CoStar Group by 87.4% during the fourth quarter. Royal Bank of Canada now owns 1,452,442 shares of the technology company’s stock valued at $103,981,000 after buying an additional 677,222 shares during the last quarter. Snowden Capital Advisors LLC raised its position in CoStar Group by 73.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 8,140 shares of the technology company’s stock worth $583,000 after purchasing an additional 3,459 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in CoStar Group by 64.0% in the fourth quarter. Toronto Dominion Bank now owns 235,397 shares of the technology company’s stock worth $16,852,000 after purchasing an additional 91,822 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Up 2.5%

Shares of CSGP stock opened at $88.97 on Tuesday. 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 1 year low of $68.26 and a 1 year high of $97.43. The firm’s fifty day moving average price is $89.49 and its two-hundred day moving average price is $82.13. The firm has a market capitalization of $37.69 billion, a P/E ratio of 355.88, a PEG ratio of 4.00 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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same period in the previous year, the business earned $0.15 EPS. The company’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, equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CSGP shares. JPMorgan Chase & Co. increased their price target 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. Keefe, Bruyette & Woods increased their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Needham & Company LLC raised their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Bank of America assumed coverage on CoStar Group in a research note on Friday, May 30th. They issued a “neutral” rating and a $79.00 price target on the stock. Finally, Robert W. Baird raised their price target on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, 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 company’s stock in a transaction dated Monday, July 28th. The shares were 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 of the company’s stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the sale, the insider directly 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 have sold a total of 52,033 shares of company stock worth $4,777,764 over the last 90 days. 1.09% of the stock is owned by company insiders.

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.