Robeco Institutional Asset Management B.V. Decreases Stake in CoStar Group, Inc. $CSGP

Robeco Institutional Asset Management B.V. lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.1% during the second quarter, HoldingsChannel reports. The fund owned 82,584 shares of the technology company’s stock after selling 11,371 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CoStar Group were worth $6,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSGP. Wayfinding Financial LLC acquired a new position in shares of CoStar Group during the 1st quarter worth $29,000. Bayforest Capital Ltd purchased a new stake in CoStar Group during the first quarter worth about $29,000. Zions Bancorporation National Association UT acquired a new position in CoStar Group during the first quarter worth about $31,000. GKV Capital Management Co. Inc. purchased a new position in CoStar Group in the first quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $84.80 on Monday. The company has a market cap of $35.93 billion, a P/E ratio of 339.20, a P/E/G ratio of 3.90 and a beta of 0.87. The firm’s 50 day moving average is $89.20 and its two-hundred day moving average is $82.88. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. 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 (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Transactions at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred on 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 directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. Company insiders own 1.09% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research reports. BMO Capital Markets upped their price target on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of CoStar Group in a research report on Saturday, September 27th. Robert W. Baird raised their price target on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reiterated 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

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.