Vident Advisory LLC Grows Stock Position in CoStar Group, Inc. $CSGP

Key Points

• Vident Advisory LLC increased its holdings in CoStar Group by 19.6%, acquiring a total of 19,332 shares valued at approximately $1.53 million.
• Insiders have sold significant portions of their shares, including 52,033 shares worth over $4.77 million in the last quarter, indicating potential sentiment shifts among company executives.
• Analysts have rich evaluations of CoStar Group, with multiple firms adjusting their price targets upwards, resulting in a consensus target price of $93.25 and an average rating of "Moderate Buy".

Vident Advisory LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 19.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,332 shares of the technology company's stock after acquiring an additional 3,165 shares during the period. Vident Advisory LLC's holdings in CoStar Group were worth $1,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after buying an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in CoStar Group in the first quarter valued at about $221,000. PFG Investments LLC acquired a new position in shares of CoStar Group during the 1st quarter worth about $234,000. Golden State Wealth Management LLC raised its position 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 purchasing an additional 200 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of CoStar Group by 11.2% during the first quarter. American Century Companies Inc. now owns 68,223 shares of the technology company's stock worth $5,405,000 after buying an additional 6,873 shares during the period. Institutional investors and hedge funds 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 stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction that occurred 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 completion of 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. 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 Stock Up 0.8%

CSGP traded up $0.72 on Monday, hitting $90.18. The company had a trading volume of 276,411 shares, compared to its average volume of 3,105,031. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The firm has a market capitalization of $38.20 billion, a P/E ratio of 359.46, a P/E/G ratio of 4.12 and a beta of 0.87. The stock has a fifty day simple moving average of $88.77 and a 200-day simple moving average of $81.67. 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 announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business'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 analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CSGP shares. Royal Bank Of Canada upped their price target on shares of CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price target on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" 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 stock an "overweight" rating in a research note on Wednesday, July 23rd. BMO Capital Markets boosted their target price on 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, 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned 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, the company has a consensus rating of "Moderate Buy" and an average price target 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.