Phraction Management LLC Sells 630 Shares of CoStar Group, Inc. $CSGP

Phraction Management LLC lessened its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,342 shares of the technology company’s stock after selling 630 shares during the period. Phraction Management LLC’s holdings in CoStar Group were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of CoStar Group by 5.0% during the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company’s stock valued at $297,000 after buying an additional 179 shares during the period. Three Seasons Wealth LLC raised its holdings in shares of CoStar Group by 4.2% in the 2nd quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company’s stock valued at $354,000 after purchasing an additional 179 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of CoStar Group by 28.3% during the first quarter. CVA Family Office LLC now owns 843 shares of the technology company’s stock valued at $67,000 after purchasing an additional 186 shares in the last quarter. Kentucky Retirement Systems increased its holdings in CoStar Group by 0.7% during the first quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company’s stock valued at $2,246,000 after buying an additional 186 shares during the period. Finally, Norden Group LLC raised its stake in CoStar Group by 1.3% in the first quarter. Norden Group LLC now owns 15,557 shares of the technology company’s stock worth $1,233,000 after buying an additional 194 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of CSGP stock opened at $83.90 on Friday. The business has a fifty day moving average of $89.36 and a 200 day moving average of $82.78. 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 firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of 335.60, a price-to-earnings-growth ratio of 3.84 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company’s revenue 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. As a group, research analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stephens upgraded CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Keefe, Bruyette & Woods lifted their target price on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Needham & Company LLC boosted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Wolfe Research started coverage on shares of CoStar Group in a research note 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 given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Insiders Place Their Bets

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 completion of the transaction, the chief accounting officer owned 25,771 shares of the company’s stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the business’s 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 completion of the transaction, the insider directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock worth $4,777,764 in the last quarter. Company insiders own 1.09% of the company’s stock.

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.