Pallas Capital Advisors LLC Increases Holdings in CoStar Group, Inc. $CSGP

Pallas Capital Advisors LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 23.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,424 shares of the technology company’s stock after purchasing an additional 853 shares during the period. Pallas Capital Advisors LLC’s holdings in CoStar Group were worth $356,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock valued at $5,421,448,000 after purchasing an additional 2,709,320 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of CoStar Group by 6.6% in the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock worth $668,400,000 after purchasing an additional 524,601 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of CoStar Group in the 1st quarter worth $586,403,000. Polen Capital Management LLC increased its stake in shares of CoStar Group by 1.6% in the 1st quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock worth $523,061,000 after purchasing an additional 104,612 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in CoStar Group by 1.7% in the 1st quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock worth $341,129,000 after buying an additional 70,561 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Down 2.4%

Shares of CoStar Group stock opened at $87.10 on Monday. The firm has a 50-day simple moving average of $89.76 and a two-hundred day simple moving average of $82.46. The company has a market cap of $36.90 billion, a P/E ratio of 348.40, a price-to-earnings-growth ratio of 4.01 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. 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 (NASDAQ:CSGP) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 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 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSGP has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on shares of CoStar Group from $83.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Robert W. Baird raised their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Bank of America initiated coverage on shares of CoStar Group in a report on Friday, May 30th. They set a “neutral” rating and a $79.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

About CoStar Group

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.