CoStar Group, Inc. $CSGP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 25.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,237 shares of the technology company’s stock after selling 19,449 shares during the quarter. HB Wealth Management LLC’s holdings in CoStar Group were worth $4,602,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 buying an additional 2,709,320 shares during the last quarter. Baillie Gifford & Co. lifted its position in CoStar Group by 6.6% in the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock valued at $668,400,000 after buying an additional 524,601 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in CoStar Group in the first quarter valued at about $586,403,000. Polen Capital Management LLC lifted its position in CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock valued at $523,061,000 after buying an additional 104,612 shares during the last quarter. Finally, Invesco Ltd. lifted its position in CoStar Group by 1.7% in the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock valued at $341,129,000 after buying an additional 70,561 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CSGP shares. 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 target on the stock. Robert W. Baird increased their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup increased their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average 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 stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the 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 completion of the transaction, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 over the last 90 days. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 1.1%

CSGP stock opened at $83.48 on Thursday. The company’s 50 day moving average price is $89.54 and its 200 day moving average price is $82.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The firm has a market capitalization of $35.37 billion, a price-to-earnings ratio of 333.92, a PEG ratio of 3.88 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal 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.