Landscape Capital Management L.L.C. Makes New $293,000 Investment in CoStar Group, Inc. $CSGP
Landscape Capital Management L.L.C. has made a new investment of approximately $293,000 in CoStar Group, Inc. by acquiring 3,700 shares. Other institutional investors, including Vanguard Group and Bamco Inc., have also increased their holdings in CoStar Group. The company's stock is currently trading at $89.49, with analysts predicting a positive outlook, as several firms have raised their price targets for the stock. CoStar Group reported earnings of $0.17 per share, exceeding expectations, and has set guidance for FY 2025 EPS between 0.780-0.800.
Landscape Capital Management L.L.C. bought a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,700 shares of the technology company's stock, valued at approximately $293,000.
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Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock worth $5,421,448,000 after acquiring an additional 2,709,320 shares during the period. Bamco Inc. NY lifted its position in CoStar Group by 2.2% during the fourth quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company's stock valued at $1,374,783,000 after purchasing an additional 418,128 shares in the last quarter. Baillie Gifford & Co. lifted its position in CoStar Group by 6.6% during the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company's stock valued at $668,400,000 after purchasing an additional 524,601 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in CoStar Group during the first quarter valued at $586,403,000. Finally, Polen Capital Management LLC lifted its position in CoStar Group by 1.6% during the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company's stock valued at $523,061,000 after purchasing an additional 104,612 shares in the last quarter. Institutional investors own 96.60% of the company's stock.
CoStar Group Trading Down 0.9%
Shares of NASDAQ CSGP opened at $89.49 on Monday. The business's 50 day moving average is $87.98 and its two-hundred day moving average is $81.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The stock has a market capitalization of $37.91 billion, a P/E ratio of 357.96, a PEG ratio of 4.36 and a beta of 0.87.
CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. 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, research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CSGP shares. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. BMO Capital Markets lifted their target price on CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.
View Our Latest Analysis on CoStar Group
Insider Activity at CoStar Group
In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares of the company's stock, valued at $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares in the company, 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. Insiders own 1.09% of the company's stock.
About CoStar Group
(Free Report)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.
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