First Horizon Advisors Inc. Reduces Position in CoStar Group, Inc. $CSGP

First Horizon Advisors Inc. lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 28.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,676 shares of the technology company’s stock after selling 1,070 shares during the quarter. First Horizon Advisors Inc.’s holdings in CoStar Group were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Greenleaf Trust raised its position in CoStar Group by 15.0% in the 1st quarter. Greenleaf Trust now owns 4,271 shares of the technology company’s stock valued at $338,000 after purchasing an additional 558 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in CoStar Group by 7.4% in the first quarter. Nisa Investment Advisors LLC now owns 60,216 shares of the technology company’s stock valued at $4,771,000 after purchasing an additional 4,137 shares during the period. Allworth Financial LP raised its holdings in shares of CoStar Group by 28.7% in the first quarter. Allworth Financial LP now owns 2,509 shares of the technology company’s stock valued at $209,000 after buying an additional 559 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of CoStar Group by 37.7% during the first quarter. Cerity Partners LLC now owns 57,266 shares of the technology company’s stock worth $4,537,000 after buying an additional 15,664 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of CoStar Group by 2.5% during the first quarter. State of Michigan Retirement System now owns 123,900 shares of the technology company’s stock worth $9,817,000 after buying an additional 3,000 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is owned by company insiders.

CoStar Group Stock Up 0.2%

CoStar Group stock opened at $67.52 on Friday. The stock’s 50 day moving average price is $80.56 and its 200 day moving average price is $82.23. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43. The company has a market cap of $28.62 billion, a PE ratio of 1,350.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. CoStar Group’s revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSGP shares. Needham & Company LLC upped their price objective on CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings lowered shares of CoStar Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Wolfe Research began coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

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.