CoStar Group, Inc. $CSGP Shares Sold by Ashford Capital Management Inc.

Key Points

• Ashford Capital Management Inc. reduced its holdings in CoStar Group, Inc. by 9.9%, now owning 286,770 shares worth approximately $22.7 million.
• CoStar Group's stock price has a 12-month range of $68.26 to $97.43, with a current P/E ratio of 357.96 and a market capitalization of $37.91 billion.
• Recent research reports show a consensus rating of "Moderate Buy" for CoStar Group, with target prices ranging from $70.00 to $105.00.

Ashford Capital Management Inc. trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 286,770 shares of the technology company's stock after selling 31,378 shares during the period. CoStar Group accounts for approximately 2.9% of Ashford Capital Management Inc.'s holdings, making the stock its 12th largest holding. Ashford Capital Management Inc. owned approximately 0.07% of CoStar Group worth $22,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of CoStar Group in the 4th quarter worth about $312,000. Keel Point LLC purchased a new position in shares of CoStar Group in the 4th quarter worth about $211,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of CoStar Group by 84.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,448 shares of the technology company's stock worth $1,249,000 after purchasing an additional 7,963 shares during the period. DoubleLine ETF Adviser LP raised its holdings in shares of CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after purchasing an additional 146 shares during the period. Finally, Visualize Group LP purchased a new position in shares of CoStar Group in the 4th quarter worth about $15,778,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Trading Down 0.9%

NASDAQ:CSGP opened at $89.49 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 capitalization of $37.91 billion, a P/E ratio of 357.96, a P/E/G ratio of 4.40 and a beta of 0.85. 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 business has a 50 day simple moving average of $87.98 and a 200 day simple moving average of $81.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data 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 return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business's revenue for the quarter 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. Equities research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research reports. Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a report on Monday, June 16th. Robert W. Baird raised their target price on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company reiterated an "underweight" rating and set a $70.00 target price (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Finally, Needham & Company LLC raised their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.25.

Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction 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 sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.09% of the company's stock.

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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