CoStar Group, Inc. $CSGP Shares Sold by DoubleLine ETF Adviser LP

Key Points

• DoubleLine ETF Adviser LP reduced its stake in CoStar Group, Inc., selling 4,869 shares and decreasing ownership by 16.6%, now holding shares worth approximately $1.94 million.
• Wall Street analysts have generally rated CoStar Group positively, with price targets ranging from $91.00 to $105.00, and a consensus rating of "Moderate Buy", according to MarketBeat.
• Insider selling activity has been notable, with 52,033 shares sold recently, totaling nearly $4.78 million in value, highlighting a potential shift in internal sentiment.

DoubleLine ETF Adviser LP decreased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,529 shares of the technology company's stock after selling 4,869 shares during the period. DoubleLine ETF Adviser LP's holdings in CoStar Group were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CSGP. Alliancebernstein L.P. boosted its holdings in CoStar Group by 1.9% in the first quarter. Alliancebernstein L.P. now owns 477,506 shares of the technology company's stock worth $37,833,000 after acquiring an additional 9,105 shares in the last quarter. AQR Capital Management LLC increased its position in shares of CoStar Group by 351.7% during the first quarter. AQR Capital Management LLC now owns 128,603 shares of the technology company's stock valued at $10,133,000 after acquiring an additional 100,132 shares during the last quarter. Amundi increased its position in shares of CoStar Group by 20.8% during the first quarter. Amundi now owns 3,396,393 shares of the technology company's stock valued at $259,315,000 after acquiring an additional 585,853 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of CoStar Group by 52.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 384,600 shares of the technology company's stock valued at $30,472,000 after acquiring an additional 133,052 shares during the last quarter. Finally, Bares Capital Management Inc. increased its position in CoStar Group by 74.5% in the first quarter. Bares Capital Management Inc. now owns 1,133,002 shares of the technology company's stock worth $89,768,000 after buying an additional 483,797 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Analyst Ratings Changes

CSGP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. 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. Royal Bank Of Canada raised their price objective 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. William Blair reissued an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their target price on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Thursday, August 28th. The shares were 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 in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 over the last quarter. Insiders own 1.09% of the company's stock.

CoStar Group Stock Up 0.5%

CSGP stock traded up $0.47 during trading on Tuesday, hitting $88.53. 1,524,855 shares of the company's stock traded hands, compared to its average volume of 3,110,756. The business has a fifty day simple moving average of $88.93 and a two-hundred day simple moving average of $81.75. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The firm has a market capitalization of $37.50 billion, a P/E ratio of 354.16, a PEG ratio of 4.12 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly 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 net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same period in the previous year, the company earned $0.15 earnings per share. The business's revenue for the quarter was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

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.