Costar Group Stock Intrinsic Value – Putnam Investments LLC Boosts Holdings in CoStar Group, by 74% in Q4
June 24, 2023
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COSTAR ($NASDAQ:CSGP): CoStar Group, Inc. is a leading provider of commercial real estate information, analytics and online marketplaces. It provides data on rent, sale, lease and development of commercial property, as well as related services such as appraisal, property management, project and development services, and marketing services. With its comprehensive database of commercial real estate properties in the United States, Canada, the United Kingdom, and France, CoStar Group is the largest provider of commercial real estate information in the world. In its most recent 13F filing with the Securities and Exchange Commission, Putnam Investments LLC reported a 74.0% increase in its holdings in CoStar Group, Inc. This is the largest percentage increase reported by Putnam Investments LLC in any of their holdings in the 4th quarter.
The filing showed an overall increase in CoStar Group’s market value over the quarter, along with an increase in the company’s stock price. This is positive news for CoStar Group, as it indicates a strong demand for their services and products among investors. This could in turn lead to increased revenue for the company in the future.
Analysis – Costar Group Stock Intrinsic Value
GoodWhale has completed an analysis of COSTAR GROUP‘s financials, and our proprietary Valuation Line has determined the fair value of COSTAR GROUP share to be around $89.2. At present, COSTAR GROUP stock is traded at $82.0, which is a fair price undervalued by 8.1%. This provides an opportunity for investors to purchase an undervalued stock at a discounted price. We encourage investors to take advantage of this opportunity while market conditions remain favorable. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Costar Group. More…
| Total Revenues | Net Income | Net Margin |
| 2.25k | 367.27 | 16.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Costar Group. More…
| Operations | Investing | Financing |
| 471.13 | -76.28 | 733.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Costar Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.52k | 1.55k | 16.89 |
Key Ratios Snapshot
Some of the financial key ratios for Costar Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.4% | 4.5% | 17.5% |
| FCF Margin | ROE | ROA |
| 18.7% | 3.6% | 2.9% |
Peers
CoStar Group Inc is a commercial real estate information and analytics company. Its competitors are Altus Group Ltd, Aroundtown SA, and Belpointe PREP LLC.
– Altus Group Ltd ($TSX:AIF)
Altus Group is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our integrity, innovative technology and comprehensive data and analytics enable us to help our clients make informed decisions and drive business value. We have a deep understanding of the forces shaping the commercial real estate industry and a proven track record of helping our clients achieve their business objectives.
– Aroundtown SA ($LTS:0RUH)
The company’s market capitalization is $2.75 billion and its return on equity is 7.46%. The company is a real estate investment trust that owns, operates, and develops properties in Germany.
– Belpointe PREP LLC ($NYSEAM:OZ)
As of 2022, Belpointe PREP LLC has a market cap of 302.88M and a Return on Equity of -1.62%. The company is a provider of educational services. It offers a variety of services to its students, including academic advising, tutoring, and college counseling. Belpointe PREP LLC is committed to providing its students with the skills and knowledge necessary to succeed in their academic pursuits.
Summary
Investment analysis of CoStar Group, Inc. has been favorable in recent quarters with Putnam Investments LLC increasing its holdings by 74.0% in the 4th quarter. Other investors have also been increasingly bullish on the company, showing confidence in its performance. This is reflected in the company’s strong financials, including revenue growth, positive cash flow and robust margins. Additionally, CoStar Group’s portfolio of leading data and analytics solutions have proven valuable to clients in the commercial real estate industry, further boosting investor confidence.
