Marks Group Wealth Management Inc Trims Stake in CoStar Group, Inc. $CSGP

Marks Group Wealth Management Inc cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,771 shares of the technology company’s stock after selling 161 shares during the period. Marks Group Wealth Management Inc’s holdings in CoStar Group were worth $464,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in shares of CoStar Group by 5.0% during the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company’s stock valued at $297,000 after buying an additional 179 shares during the last quarter. Three Seasons Wealth LLC increased its stake in CoStar Group by 4.2% in the second quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company’s stock worth $354,000 after purchasing an additional 179 shares during the period. CVA Family Office LLC lifted its position in shares of CoStar Group by 28.3% during the first quarter. CVA Family Office LLC now owns 843 shares of the technology company’s stock worth $67,000 after purchasing an additional 186 shares during the last quarter. Kentucky Retirement Systems lifted its position in shares of CoStar Group by 0.7% during the first quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company’s stock worth $2,246,000 after purchasing an additional 186 shares during the last quarter. Finally, Norden Group LLC boosted its stake in shares of CoStar Group by 1.3% during the first quarter. Norden Group LLC now owns 15,557 shares of the technology company’s stock valued at $1,233,000 after purchasing an additional 194 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $81.15 on Tuesday. The company has a market capitalization of $34.38 billion, a PE ratio of 324.60, a P/E/G ratio of 3.90 and a beta of 0.87. The company has a 50-day simple moving average of $88.96 and a two-hundred day simple moving average of $82.89. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. 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 (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) 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 the consensus estimate of $772.06 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’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. Research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the subject of a number of research analyst reports. Stephens upgraded shares of CoStar Group to a “strong-buy” rating and set a $105.00 price objective for the company in a report on Monday, June 16th. Robert W. Baird lifted their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. William Blair reissued an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. 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 research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price target on CoStar Group from $83.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the transaction, the chief accounting officer 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. In the last quarter, insiders have sold 52,033 shares of company stock valued at $4,777,764. Company insiders own 1.09% of the company’s stock.

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.