Moors & Cabot Inc. Purchases Shares of 20,233 CoStar Group, Inc. $CSGP

Moors & Cabot Inc. acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,233 shares of the technology company’s stock, valued at approximately $1,627,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC grew its stake in shares of CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after buying an additional 259 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in CoStar Group in the first quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of CoStar Group during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in shares of CoStar Group during the first quarter worth $31,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of 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 period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Transactions at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction 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 directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CSGP. Keefe, Bruyette & Woods lifted their price target on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. Needham & Company LLC boosted their price target on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Stock Down 4.4%

CoStar Group stock opened at $67.36 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. CoStar Group, Inc. has a one year low of $63.82 and a one year high of $97.43. The company has a 50-day simple moving average of $81.00 and a 200-day simple moving average of $82.29. The firm has a market capitalization of $28.55 billion, a P/E ratio of 1,347.20, a P/E/G ratio of 3.32 and a beta of 0.86.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period last year, the firm earned $0.22 EPS. The firm’s revenue 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. As a group, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

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.