CoStar Group, Inc. $CSGP Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC has reduced its holdings in CoStar Group by 19%, now owning 42,375 shares valued at $3,357,000 after selling 9,920 shares in Q1.
• Vanguard Group Inc. increased its stake in CoStar Group by 4.1%, holding over 68 million shares after purchasing an additional 2.7 million shares.
• Analysts have set new price targets for CoStar Group, with Citigroup rating the stock as a "buy" and increasing the price objective from $91.00 to $100.00.

Inspire Investing LLC cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 19.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,375 shares of the technology company's stock after selling 9,920 shares during the quarter. Inspire Investing LLC's holdings in CoStar Group were worth $3,357,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CSGP. Mizuho Markets Americas LLC purchased a new position in shares of CoStar Group during the first quarter valued at approximately $586,403,000. Vanguard Group Inc. lifted its stake in shares of CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock valued at $5,421,448,000 after buying an additional 2,709,320 shares during the period. Third Point LLC purchased a new position in shares of CoStar Group during the first quarter valued at approximately $156,479,000. Nuveen LLC purchased a new position in shares of CoStar Group during the first quarter valued at approximately $82,756,000. Finally, Royal Bank of Canada lifted its stake in shares of CoStar Group by 87.4% during the fourth quarter. Royal Bank of Canada now owns 1,452,442 shares of the technology company's stock valued at $103,981,000 after buying an additional 677,222 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the 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 completion of the sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The transaction 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 the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares of the company's stock, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock valued at $4,777,764 in the last three months. Company insiders own 1.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSGP. Citigroup upped their price objective on shares of CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Needham & Company LLC upped their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research note on Monday, June 16th. Wells Fargo & Company reissued an "underweight" rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Finally, Bank of America began coverage on shares of CoStar Group in a research note on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.15.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $87.06 on Friday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $36.88 billion, a P/E ratio of 348.24, a P/E/G ratio of 3.97 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The firm's 50 day moving average is $89.25 and its two-hundred day moving average is $81.89.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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%. CoStar Group's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $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 EPS for the current year.

About CoStar Group

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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