CoStar Group, Inc. $CSGP Stock: Apollon Wealth Management LLC Lowers Holdings

Key Points

• Apollon Wealth Management cut its CoStar Group stake by 53.2% in the third quarter, selling 65,700 shares and retaining 57,858 shares valued at approximately $1.585 million.
• Institutional investors and hedge funds own 96.6% of CoStar’s shares, with BlackRock, Bamco, Jupiter Topco, Meritage Group and Bank of America among firms that recently established significant positions.
• CoStar’s latest quarterly results exceeded expectations, with earnings of $0.38 per share and revenue of $952 million, but weaker-than-expected forward guidance and multiple analyst price-target cuts have contributed to the stock’s decline. Analysts’ consensus rating is Hold, with an average target price of $39.11.

Apollon Wealth Management LLC reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 53.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,858 shares of the technology company's stock after selling 65,700 shares during the quarter. Apollon Wealth Management LLC's holdings in CoStar Group were worth $1,585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. BlackRock Inc. purchased a new stake in shares of CoStar Group during the second quarter valued at approximately $957,612,000. Bamco Inc. NY purchased a new stake in CoStar Group during the 2nd quarter worth $612,470,000. Jupiter Topco LLC acquired a new position in CoStar Group in the 2nd quarter worth $221,826,000. Meritage Group LP acquired a new position in CoStar Group in the 2nd quarter worth $152,763,000. Finally, Bank of America Corp DE purchased a new position in CoStar Group in the 2nd quarter valued at about $77,458,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Performance

CoStar Group stock opened at $28.14 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.32 and a quick ratio of 2.21. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $70.75. The company has a fifty day moving average price of $30.37 and a two-hundred day moving average price of $37.09. The company has a market cap of $11.40 billion, a PE ratio of 28.69, a P/E/G ratio of 0.70 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The business had revenue of $952.00 million during the quarter, compared to the consensus estimate of $945.82 million. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Research analysts expect that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

CSGP has been the subject of several recent analyst reports. The Goldman Sachs Group set a $36.00 target price on CoStar Group in a research note on Wednesday. KeyCorp set a $33.00 price target on CoStar Group in a research note on Monday, August 24th. William Blair downgraded CoStar Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. Citizens Jmp lowered their price objective on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lowered CoStar Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $39.11.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q3 results exceeded expectations. CoStar reported adjusted earnings of $0.38 per share versus the $0.34 consensus estimate, while revenue rose 14.1% year over year to $952 million, above expectations. Adjusted EBITDA reached a record $229 million, approximately doubling from the prior year. CoStar Group Q3 Earnings Beat Estimates, Revenues Increase Year Over Year
• Positive Sentiment: Management raised its profitability outlook. CoStar increased its 2026 adjusted EBITDA forecast to $820 million-$840 million and is targeting $1.25 billion in adjusted EBITDA by 2028, signaling confidence in operating leverage and cost controls. CoStar Raises EBITDA Outlook and Sets 2028 Target
• Positive Sentiment: CoStar upgraded its U.S. office forecast, while data showed strong demand for higher-quality London office space. These trends could support demand for CoStar’s commercial real estate data and analytics products. CoStar Upgrades U.S. Office Vacancy and Rent Growth Forecast
• Neutral Sentiment: CoStar agreed to acquire Vexcel Group for $730 million in cash and stock. The deal would add high-resolution aerial imagery and enhance property search and discovery, but investors are weighing the strategic benefits against integration risk and acquisition spending. CoStar Group to Acquire Vexcel Group for $730 Million
• Negative Sentiment: Forward expectations overshadowed the earnings beat. Reports characterized guidance as weaker than investors wanted, contributing to the recent decline in CSGP shares despite the strong quarter.
• Negative Sentiment: October U.S. apartment rents fell 0.15% month over month to $1,749, marking a second consecutive monthly decline. Softer multifamily conditions could weigh on growth at Apartments.com and other residential offerings. Apartments.com Multifamily Rent Growth Report
• Negative Sentiment: Several analysts reduced price targets, including JPMorgan to $44, Goldman Sachs to $36, Baird to $32 and KBW to $30, while KBW and Bank of America maintained Hold ratings. These revisions reflect concerns about valuation, execution and near-term growth.

Insider Activity at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Florance acquired 83,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.18% of the company's stock.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.

Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.