Mirae Asset Global Investments Co. Ltd. Purchases 19,547 Shares of CoStar Group, Inc. $CSGP

Mirae Asset Global Investments Co. Ltd. increased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 15.0% in the second quarter, Holdings Channel reports. The institutional investor owned 150,155 shares of the technology company’s stock after buying an additional 19,547 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CoStar Group were worth $12,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Wealth Enhancement Advisory Services LLC raised its position in shares of CoStar Group by 6.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the technology company’s stock valued at $1,292,000 after buying an additional 1,070 shares in the last quarter. NBC Securities Inc. raised its position in shares of CoStar Group by 129,366.7% in the first quarter. NBC Securities Inc. now owns 3,884 shares of the technology company’s stock valued at $307,000 after buying an additional 3,881 shares in the last quarter. Merit Financial Group LLC raised its position in shares of CoStar Group by 20.0% in the first quarter. Merit Financial Group LLC now owns 4,151 shares of the technology company’s stock valued at $329,000 after buying an additional 693 shares in the last quarter. Procyon Advisors LLC raised its position in shares of CoStar Group by 31.0% in the first quarter. Procyon Advisors LLC now owns 21,649 shares of the technology company’s stock valued at $1,715,000 after buying an additional 5,125 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC raised its position in shares of CoStar Group by 11.2% in the first quarter. Blue Zone Wealth Advisors LLC now owns 66,356 shares of the technology company’s stock valued at $5,257,000 after buying an additional 6,683 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

NASDAQ CSGP opened at $84.80 on Friday. The company has a market capitalization of $35.93 billion, a price-to-earnings ratio of 339.20, a PEG ratio of 3.90 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 stock has a fifty day simple moving average of $89.20 and a 200 day simple moving average of $82.85. 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 posted its quarterly earnings data 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 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%.CoStar Group’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSGP. JPMorgan Chase & Co. lifted their price target on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wolfe Research started coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird boosted their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction 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 sale, the chief accounting officer owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction 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 directly owned 293,103 shares in the company, valued at $26,475,993.99. This trade represents a 7.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 in the last ninety days. Insiders own 1.09% of the company’s stock.

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.