78,427 Shares in CoStar Group, Inc. $CSGP Purchased by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd acquired 78,427 shares of CoStar Group, Inc., valued at approximately $6.3 million, enhancing its stake in the technology company during the second quarter.
• Insider Frederick G. Saint sold 25,000 shares of CoStar stock for over $2.25 million, reducing his ownership by 7.86% to approximately 293,103 shares.
• CoStar Group's latest earnings report showed a 15.2% year-over-year revenue increase, with earnings per share of $0.17, exceeding analysts' estimates of $0.14.

Generate Investment Management Ltd purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 78,427 shares of the technology company's stock, valued at approximately $6,306,000.

A number of other institutional investors also recently made changes to their positions in CSGP. Farther Finance Advisors LLC increased its stake in shares of CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after purchasing an additional 360 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in CoStar Group in the 1st quarter valued at $221,000. PFG Investments LLC bought a new position in CoStar Group during the 1st quarter worth $234,000. Golden State Wealth Management LLC lifted its holdings in shares of CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after buying an additional 200 shares in the last quarter. Finally, Red Spruce Capital LLC boosted its position in shares of CoStar Group by 37.7% in the second quarter. Red Spruce Capital LLC now owns 21,842 shares of the technology company's stock valued at $1,756,000 after acquiring an additional 5,975 shares during the period. Institutional investors own 96.60% of the company's stock.

Insider Activity at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction on 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 SEC, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction 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 transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock worth $4,777,764 over the last ninety days. 1.09% of the stock is currently owned by insiders.

CoStar Group Price Performance

CoStar Group stock opened at $83.99 on Monday. 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 52 week low of $68.26 and a 52 week high of $97.43. The stock has a market capitalization of $35.58 billion, a P/E ratio of 335.96, a price-to-earnings-growth ratio of 3.87 and a beta of 0.87. The stock has a fifty day moving average of $89.73 and a 200-day moving average of $82.70.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. 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, sell-side analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target 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. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Needham & Company LLC raised their price objective on CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their target price on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.15.

About CoStar Group

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.

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