CoStar Group, Inc. $CSGP Holdings Lifted by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management LLC increased its stake in CoStar Group by 74.8% in Q2, acquiring a total of 9,592 shares worth approximately $771,000.
• CoStar Group reported earnings of $0.17 EPS, exceeding the consensus of $0.14, with revenue for the quarter at $781.30 million, a 15.2% year-over-year increase.
• Analyst ratings for CoStar Group show a consensus of "Moderate Buy", with the average price target raised to $94.15 from previous estimates.

Venturi Wealth Management LLC grew its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 74.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,592 shares of the technology company's stock after purchasing an additional 4,106 shares during the period. Venturi Wealth Management LLC's holdings in CoStar Group were worth $771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. Wayfinding Financial LLC bought a new position in CoStar Group in the 1st quarter worth about $29,000. Bayforest Capital Ltd bought a new position in CoStar Group in the 1st quarter worth about $29,000. Zions Bancorporation National Association UT bought a new position in CoStar Group in the 1st quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new position in CoStar Group in the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock worth $32,000 after acquiring an additional 235 shares during the period. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Down 1.9%

CSGP stock opened at $77.53 on Friday. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43. The firm has a market cap of $32.85 billion, a PE ratio of 310.12, a P/E/G ratio of 3.64 and a beta of 0.87. The firm has a 50 day simple moving average of $87.96 and a 200 day simple moving average of $82.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $772.06 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business's quarterly 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. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $70.00 price target (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Citigroup upped their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their price target on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CoStar Group in a research note on Wednesday. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

Insider Activity 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 shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred on Monday, July 28th. The shares were 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 of the company's stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by insiders.

CoStar Group Company 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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