Wealthfront Advisers LLC Sells 12,866 Shares of CoStar Group, Inc. $CSGP

Wealthfront Advisers LLC decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 25.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,976 shares of the technology company’s stock after selling 12,866 shares during the period. Wealthfront Advisers LLC’s holdings in CoStar Group were worth $2,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of CoStar Group by 28.3% in the 1st quarter. GAMMA Investing LLC now owns 6,335 shares of the technology company’s stock worth $502,000 after acquiring an additional 1,397 shares in the last quarter. Golden State Wealth Management LLC grew its stake in CoStar Group by 6.3% in the first 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 period. KBC Group NV grew its stake in CoStar Group by 2.3% in the first quarter. KBC Group NV now owns 94,863 shares of the technology company’s stock worth $7,516,000 after purchasing an additional 2,133 shares during the period. Amalgamated Bank grew its stake in CoStar Group by 3.8% in the first quarter. Amalgamated Bank now owns 81,437 shares of the technology company’s stock worth $6,452,000 after purchasing an additional 3,014 shares during the period. Finally, Mather Group LLC. grew its stake in CoStar Group by 20.3% in the first quarter. Mather Group LLC. now owns 2,484 shares of the technology company’s stock worth $197,000 after purchasing an additional 419 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 9.9%

NASDAQ:CSGP opened at $70.51 on Thursday. The firm has a market cap of $29.87 billion, a P/E ratio of 1,410.20, a P/E/G ratio of 3.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $97.43. The firm has a 50-day simple moving average of $83.47 and a two-hundred day simple moving average of $82.75.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.47%. The business had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. During the same period last year, the business earned $0.22 EPS. 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. Analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSGP. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Robert W. Baird lifted their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. 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 one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.