Equitable Trust Co. Buys 13,423 Shares of CoStar Group, Inc. $CSGP

Equitable Trust Co. raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 13.6% in the second quarter, Holdings Channel reports. The fund owned 111,880 shares of the technology company’s stock after acquiring an additional 13,423 shares during the period. Equitable Trust Co.’s holdings in CoStar Group were worth $8,995,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Mizuho Markets Americas LLC acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $586,403,000. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Third Point LLC acquired a new stake in shares of CoStar Group in the first quarter valued at $156,479,000. Nuveen LLC acquired a new stake in shares of CoStar Group in the first quarter valued at $82,756,000. Finally, Kensico Capital Management Corp grew its holdings in CoStar Group by 86.0% during the 1st quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock worth $105,479,000 after acquiring an additional 615,500 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Down 0.5%

NASDAQ:CSGP opened at $75.18 on Tuesday. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The business’s 50-day moving average price is $87.14 and its two-hundred day moving average price is $82.81. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 300.72, a PEG ratio of 3.48 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results 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. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the company posted $0.15 EPS. CoStar Group’s revenue for the quarter was up 15.2% on a year-over-year basis. 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 analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’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 transaction of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Frederick G. Saint sold 25,000 shares of the firm’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 sale, the insider owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,033 shares of company stock valued at $4,777,764. Insiders own 1.09% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the subject of several research analyst reports. Robert W. Baird boosted their price objective 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. Keefe, Bruyette & Woods lifted their target price on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their price target on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. Finally, Wolfe Research assumed coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price target on the stock. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Company 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.