CoStar Group, Inc. $CSGP Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in CoStar Group by 1.1%, now owning approximately 0.68% of the company, valued at $230.8 million.
• CoStar Group reported a 15.2% year-over-year revenue increase in its latest quarterly earnings, with an EPS of $0.17, outperforming analysts' expectations.
• Analysts have a consensus rating of "Moderate Buy" for CoStar Group, with a target price of $94.15, reflecting positive outlooks from several research firms.

Blair William & Co. IL reduced its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871,162 shares of the technology company's stock after selling 32,356 shares during the period. Blair William & Co. IL owned approximately 0.68% of CoStar Group worth $230,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in shares of CoStar Group during the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in CoStar Group during the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in CoStar Group during the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in CoStar Group during the 1st quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of 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 buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Down 2.0%

Shares of CSGP stock opened at $79.00 on Thursday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. The stock has a market cap of $33.47 billion, a P/E ratio of 316.00, a P/E/G ratio of 3.71 and a beta of 0.87. The stock has a 50 day moving average of $88.31 and a 200 day moving average of $82.85. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. 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, sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSGP. William Blair reissued an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. BTIG Research began coverage on CoStar Group in a report on Friday, October 3rd. They set a "neutral" rating for the company. JPMorgan Chase & Co. upped their target price on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Citigroup raised 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has a consensus rating of "Moderate Buy" and a consensus target price of $94.15.

Insider Transactions at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares of the company's stock, 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. In the last quarter, insiders sold 52,033 shares of company stock valued at $4,777,764. 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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