Fifth Third Wealth Advisors LLC Acquires 162 Shares of CoStar Group, Inc. $CSGP

Fifth Third Wealth Advisors LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,183 shares of the technology company’s stock after acquiring an additional 162 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CoStar Group were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new position in CoStar Group during the 1st quarter worth about $29,000. Wayfinding Financial LLC bought a new position in CoStar Group during the 1st quarter worth about $29,000. GKV Capital Management Co. Inc. bought a new position in CoStar Group during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in CoStar Group during the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. grew its holdings in CoStar Group by 137.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after acquiring an additional 235 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Down 0.5%

CSGP stock opened at $75.18 on Tuesday. The firm has a 50 day moving average of $87.14 and a 200 day moving average of $82.81. The stock has a market capitalization of $31.85 billion, a PE ratio of 300.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.87. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 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 company had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. During the same period last year, the business earned $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. Sell-side analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent research reports. Stephens upgraded shares of CoStar Group to a “strong-buy” rating and set a $105.00 target price on the stock in a report on Monday, June 16th. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. BTIG Research started coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Read Our Latest Stock Report on CoStar Group

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, 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 a total of 52,033 shares of company stock valued at $4,777,764 over the last three months. 1.09% of the stock is currently owned by insiders.

CoStar Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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