Envestnet Portfolio Solutions Inc. Buys 18,337 Shares of CoStar Group, Inc. $CSGP

Envestnet Portfolio Solutions Inc. lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 15.5% during the 2nd quarter, Holdings Channel reports. The firm owned 136,756 shares of the technology company’s stock after acquiring an additional 18,337 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in CoStar Group were worth $10,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after purchasing an additional 360 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group in the 1st quarter worth $221,000. Generate Investment Management Ltd bought a new position in shares of CoStar Group in the 2nd quarter worth $6,306,000. PFG Investments LLC bought a new position in shares of CoStar Group in the 1st quarter worth $234,000. Finally, Golden State Wealth Management LLC boosted its position in shares of CoStar Group by 6.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after purchasing an additional 200 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $75.18 on Tuesday. The firm has a market cap of $31.85 billion, a price-to-earnings ratio of 300.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.87. The stock’s 50-day moving average is $87.14 and its 200-day moving average is $82.81. 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 current ratio of 5.83 and a quick ratio of 5.83.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CSGP. Stephens upgraded 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. Keefe, Bruyette & Woods lifted their target price on CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. BTIG Research assumed coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating on the stock. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, Wolfe Research assumed coverage on CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 target price on the stock. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $94.15.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated 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 completion of the sale, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. Corporate insiders own 1.09% of the company’s stock.

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.