Inspire Investing LLC Acquires 1,637 Shares of CoStar Group, Inc. $CSGP

Inspire Investing LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,012 shares of the technology company’s stock after acquiring an additional 1,637 shares during the period. Inspire Investing LLC’s holdings in CoStar Group were worth $3,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in CoStar Group by 5.0% in 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 in the last quarter. Three Seasons Wealth LLC increased its holdings in shares of CoStar Group by 4.2% during the second quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company’s stock valued at $354,000 after acquiring an additional 179 shares in the last quarter. CVA Family Office LLC grew its holdings in 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 buying an additional 186 shares in the last quarter. Kentucky Retirement Systems grew its holdings in 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 buying an additional 186 shares in the last quarter. Finally, Norden Group LLC boosted its position in CoStar Group by 1.3% in the first quarter. Norden Group LLC now owns 15,557 shares of the technology company’s stock worth $1,233,000 after purchasing an additional 194 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSGP shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday. BTIG Research began coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating on the stock. BMO Capital Markets lifted their price target on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Wolfe Research started coverage on CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price target on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Stock Performance

NASDAQ CSGP opened at $75.58 on Friday. The stock has a market capitalization of $32.02 billion, a PE ratio of 302.32, a P/E/G ratio of 3.57 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The business has a 50 day simple moving average of $87.58 and a two-hundred day simple moving average of $82.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

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 the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter 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, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the sale, the insider directly owned 319,539 shares in the company, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the sale, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $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. Insiders sold a total of 52,033 shares of company stock valued at $4,777,764 in the last ninety days. 1.09% of the stock is currently owned by insiders.

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.