CoStar Group, Inc. $CSGP Position Lessened by Sapient Capital LLC

Sapient Capital LLC trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 21.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,751 shares of the technology company's stock after selling 3,151 shares during the quarter. Sapient Capital LLC's holdings in CoStar Group were worth $945,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new stake in CoStar Group in the 1st quarter valued at about $29,000. Bayforest Capital Ltd bought a new stake in CoStar Group in the 1st quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of CoStar Group during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of CoStar Group during the first quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after buying an additional 235 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CSGP shares. Needham & Company LLC lifted their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company restated an "underweight" rating and set a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Robert W. Baird lifted their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted 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. 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 company's stock. According to MarketBeat, CoStar Group has an average rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Stock Down 0.3%

CSGP stock opened at $87.87 on Thursday. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The company's 50 day simple moving average is $89.66 and its 200-day simple moving average is $82.21. 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 $37.23 billion, a P/E ratio of 351.48, a P/E/G ratio of 4.06 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm's revenue was up 15.2% compared to the same quarter last year. 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, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction on 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 directly owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 directly owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 over the last three months. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.