CoStar Group, Inc. $CSGP Shares Purchased by UMB Bank n.a.

Key Points

• UMB Bank n.a. increased its holdings in CoStar Group by 76.7% during the 2nd quarter, now owning 148,585 shares worth approximately $11.9 million.
• Insider transactions included a sale of 2,033 shares by CAO Cynthia Cammett Cann, reducing her position by 7.31%, while insider Frederick G. Saint sold 25,000 shares, also seeing a position reduction of 7.26%.
• As of the latest earnings report, CoStar Group reported a 15.2% year-over-year revenue increase with an EPS of $0.17, surpassing estimates.

UMB Bank n.a. lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 76.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,585 shares of the technology company's stock after purchasing an additional 64,477 shares during the quarter. UMB Bank n.a.'s holdings in CoStar Group were worth $11,946,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CSGP. Wayfinding Financial LLC acquired a new position in CoStar Group in the first quarter worth about $29,000. Bayforest Capital Ltd acquired a new stake in CoStar Group during the 1st quarter valued at $29,000. GKV Capital Management Co. Inc. acquired a new stake in CoStar Group during the 1st quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new position in shares of CoStar Group during the 1st quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock worth $32,000 after purchasing an additional 235 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction dated Monday, July 28th. The shares were 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 in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is currently owned by company insiders.

CoStar Group Trading Down 2.4%

Shares of CoStar Group stock opened at $87.10 on Friday. The firm has a market cap of $36.90 billion, a PE ratio of 348.40, a PEG ratio of 4.11 and a beta of 0.87. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The company has a 50 day simple moving average of $89.76 and a two-hundred day simple moving average of $82.39. 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 issued its earnings results 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 company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm 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. Analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CSGP shares. Citigroup increased their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America assumed coverage on shares of CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective for the company. Wells Fargo & Company reiterated an "underweight" rating and issued a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. BMO Capital Markets upped their price target on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on shares of CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

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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