Louisbourg Investments Inc. Buys New Shares in CoStar Group, Inc. $CSGP

Louisbourg Investments Inc. purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,530 shares of the technology company’s stock, valued at approximately $2,133,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in CoStar Group in the first quarter valued at $29,000. Bayforest Capital Ltd purchased a new stake in CoStar Group in the first quarter valued at $29,000. Zions Bancorporation National Association UT purchased a new stake in CoStar Group in the first quarter valued at $31,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the first quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Robert W. Baird increased their target price 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $94.15.

CoStar Group Trading Down 2.5%

Shares of CoStar Group stock opened at $75.58 on Friday. The firm has a market capitalization of $32.02 billion, a PE ratio of 302.32, a P/E/G ratio of 3.57 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. The firm’s 50-day moving average price is $87.58 and its 200 day moving average price is $82.80. 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 (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. CoStar Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. 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 predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The transaction 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 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 completion of the sale, the chief accounting officer owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by 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.