2,534 Shares in CoStar Group, Inc. $CSGP Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,534 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in CoStar Group during the first quarter worth $29,000. Bayforest Capital Ltd acquired a new stake in CoStar Group in the first quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new stake in CoStar Group in the first quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in CoStar Group in the first quarter worth $31,000. Finally, Cullen Frost Bankers Inc. grew its holdings in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after purchasing an additional 235 shares during the period. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wolfe Research assumed coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price target for the company. BTIG Research assumed coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Robert W. Baird raised their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Stephens upgraded shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target for the company in a report on Monday, June 16th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Stock Down 2.0%

Shares of NASDAQ CSGP opened at $79.00 on Thursday. The stock has a market capitalization of $33.47 billion, a P/E ratio of 316.00, a P/E/G ratio of 3.71 and a beta of 0.87. The company has a 50-day moving average price of $88.31 and a 200-day moving average price of $82.85. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 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 released its quarterly 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 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 analysts’ expectations of $772.06 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’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, equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were 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 in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 319,539 shares in the company, valued at approximately $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 90 days, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by corporate insiders.

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.