IVC Wealth Advisors LLC Sells 363 Shares of CoStar Group, Inc. $CSGP

IVC Wealth Advisors LLC cut its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,457 shares of the technology company’s stock after selling 363 shares during the period. IVC Wealth Advisors LLC’s holdings in CoStar Group were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Mizuho Markets Americas LLC bought a new stake in shares of CoStar Group during the first quarter worth about $586,403,000. Vanguard Group Inc. increased its position in shares of CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after acquiring an additional 2,709,320 shares in the last quarter. Third Point LLC bought a new stake in shares of CoStar Group during the first quarter worth about $156,479,000. Nuveen LLC bought a new stake in shares of CoStar Group during the first quarter worth about $82,756,000. Finally, Kensico Capital Management Corp increased its position in shares of CoStar Group by 86.0% during the first 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 in the last quarter. 96.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on shares of CoStar Group from $83.00 to $91.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Robert W. Baird upped 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. JPMorgan Chase & Co. upped their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wolfe Research initiated coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Citigroup upped their price objective on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Activity at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This represents a 7.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the 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 completion of the sale, the chief accounting officer owned 25,771 shares in the company, 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 sold a total of 52,033 shares of company stock worth $4,777,764 over the last quarter. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

NASDAQ CSGP opened at $84.80 on Friday. 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. The stock has a market capitalization of $35.93 billion, a PE ratio of 339.20, a P/E/G ratio of 3.90 and a beta of 0.87. The company’s 50 day simple moving average is $89.20 and its two-hundred day simple moving average is $82.85.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) 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 prior year, the company posted $0.15 EPS. The business’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. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.