CoStar Group, Inc. $CSGP Shares Bought by Aberdeen Group plc

Aberdeen Group plc grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,237 shares of the technology company’s stock after purchasing an additional 10,368 shares during the period. Aberdeen Group plc’s holdings in CoStar Group were worth $20,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the first quarter worth $29,000. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group in the 1st quarter worth about $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group in the 1st quarter worth about $31,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group in the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after acquiring an additional 235 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Frederick G. Saint sold 25,000 shares of the firm’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 transaction, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,033 shares of company stock valued at $4,777,764. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP opened at $75.18 on Tuesday. The firm has a 50-day moving average price of $87.14 and a 200 day moving average price of $82.81. The firm has a market capitalization of $31.85 billion, a PE ratio of 300.72, a P/E/G ratio of 3.48 and a beta of 0.87. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Finally, BTIG Research began coverage on shares of CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

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.