Ameriprise Financial Inc. Lowers Position in CoStar Group, Inc. $CSGP

Key Points

• Ameriprise Financial Inc. has reduced its holdings in CoStar Group by 8.2%, selling 225,435 shares and owning 2,523,681 shares, valued at approximately $199.9 million.
• Other institutional investors have increased their positions, with Farther Finance Advisors LLC raising theirs by 42.4%, while total institutional ownership in CoStar Group stands at 96.60%.
• Analysts are optimistic about CoStar Group's stock, with a consensus rating of "Moderate Buy" and a current target price of $93.25, reflecting positive sentiment despite recent insider sales.

Ameriprise Financial Inc. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,523,681 shares of the technology company's stock after selling 225,435 shares during the period. Ameriprise Financial Inc. owned 0.60% of CoStar Group worth $199,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after buying an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of CoStar Group in the first quarter worth $221,000. PFG Investments LLC purchased a new stake in shares of CoStar Group in the first quarter worth $234,000. Golden State Wealth Management LLC raised its position in shares of 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 buying an additional 200 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in CoStar Group in the first quarter valued at $4,835,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In related news, 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 $29,790,620.97. The trade was a 7.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JMP Securities restated a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Royal Bank Of Canada raised their price target on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Needham & Company LLC raised their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Bank of America assumed coverage on CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

CoStar Group Stock Up 3.2%

CSGP opened at $91.22 on Friday. The company has a market cap of $38.65 billion, a P/E ratio of 364.88, a P/E/G ratio of 4.44 and a beta of 0.85. The business's 50-day moving average price is $87.01 and its 200-day moving average price is $80.71. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43.

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

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