Pembroke Management LTD Invests $350,000 in CoStar Group, Inc. $CSGP

Pembroke Management LTD acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,357 shares of the technology company’s stock, valued at approximately $350,000.

Several other hedge funds have also recently bought and sold shares of the company. Mizuho Markets Americas LLC acquired a new position in CoStar Group in the 1st quarter valued at about $586,403,000. Vanguard Group Inc. boosted its stake 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 valued at $5,421,448,000 after purchasing an additional 2,709,320 shares during the period. Third Point LLC acquired a new position in shares of CoStar Group in the first quarter valued at approximately $156,479,000. Nuveen LLC purchased a new stake in CoStar Group during the 1st quarter worth approximately $82,756,000. Finally, Kensico Capital Management Corp lifted its holdings in CoStar Group by 86.0% during the 1st quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock worth $105,479,000 after buying an additional 615,500 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Down 0.4%

CoStar Group stock opened at $67.23 on Tuesday. The stock has a market cap of $28.49 billion, a PE ratio of 1,344.60, a P/E/G ratio of 3.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83. The stock’s fifty day moving average is $80.11 and its two-hundred day moving average is $82.12. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43.

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

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research reports. Wells Fargo & Company restated an “underweight” rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. BMO Capital Markets lifted their target price on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their price target on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Weiss Ratings lowered CoStar Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods lifted their price objective on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is owned by corporate insiders.

CoStar Group Company 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.