Assetmark Inc. Raises Stock Position in CoStar Group, Inc. $CSGP

Assetmark Inc. raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 103.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,665 shares of the technology company’s stock after acquiring an additional 1,358 shares during the quarter. Assetmark Inc.’s holdings in CoStar Group were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC increased 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 valued at $27,000 after purchasing an additional 259 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in CoStar Group during the first quarter valued at approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of CoStar Group in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new position in CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. grew its stake in CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $67.52 on Friday. The stock has a market capitalization of $28.62 billion, a PE ratio of 1,350.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. The stock has a 50 day moving average price of $80.56 and a 200 day moving average price of $82.23. CoStar Group, Inc. has a 52 week low of $63.82 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period in the previous year, the business earned $0.22 EPS. CoStar Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BTIG Research initiated coverage on CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating on the stock. Needham & Company LLC increased their price target 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. Weiss Ratings lowered shares of CoStar Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. Finally, Jefferies Financial Group raised CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Insider Transactions at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was 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 in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by company insiders.

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.