Exchange Traded Concepts LLC Buys 5,417 Shares of CoStar Group, Inc. $CSGP

Key Points

• Exchange Traded Concepts LLC has increased its ownership in CoStar Group, Inc. by 17.2%, acquiring an additional 5,417 shares, bringing its total holdings to 36,899 shares valued at approximately $2.97 million.
• Insider Frederick G. Saint sold 25,000 shares of CoStar Group at $93.23 each, resulting in a total transaction value of about $2.33 million, representing a 7.26% decrease in his ownership.
• CoStar Group reported an earnings per share (EPS) of $0.17 for the last quarter, exceeding analysts' expectations and marking a revenue increase of 15.2% compared to the previous year.

Exchange Traded Concepts LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 17.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,899 shares of the technology company's stock after acquiring an additional 5,417 shares during the period. Exchange Traded Concepts LLC's holdings in CoStar Group were worth $2,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of CoStar Group in the first quarter valued at approximately $29,000. Bayforest Capital Ltd bought a new stake in shares of CoStar Group in the first quarter valued at about $29,000. Zions Bancorporation National Association UT purchased a new stake in CoStar Group in the first quarter worth about $31,000. GKV Capital Management Co. Inc. purchased a new position in CoStar Group during the 1st quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after purchasing an additional 235 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's 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 approximately $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. Over the last three months, insiders sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is owned by corporate insiders.

CoStar Group Price Performance

NASDAQ:CSGP opened at $87.10 on Friday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The firm has a market cap of $36.90 billion, a price-to-earnings ratio of 348.40, a PEG ratio of 4.01 and a beta of 0.87. The firm's fifty day moving average is $89.76 and its two-hundred day moving average is $82.42.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $781.30 million during 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%. The company's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSGP. Stephens upgraded 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. William Blair reiterated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Bank of America started coverage on CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target for the company. JPMorgan Chase & Co. raised their price objective 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, Needham & Company LLC boosted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

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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