Krilogy Financial LLC Buys 5,539 Shares of CoStar Group, Inc. $CSGP

Key Points

• Krilogy Financial LLC increased its stake in CoStar Group by 28.1%, acquiring an additional 5,539 shares to total 25,274 shares valued at approximately $2,032,000.
• Insider Frederick G. Saint sold 25,000 shares of CoStar Group stock for over $2.25 million, resulting in a 7.86% decrease in their ownership.
• Analysts have a consensus rating of "Moderate Buy" for CoStar Group, with an average target price of $94.15, indicating positive market sentiment.

Krilogy Financial LLC grew its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 28.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,274 shares of the technology company's stock after purchasing an additional 5,539 shares during the period. Krilogy Financial LLC's holdings in CoStar Group were worth $2,032,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSGP. Aurora Investment Managers LLC. raised its holdings in shares of CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after buying an additional 164 shares during the period. First Horizon Advisors Inc. increased its holdings in CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after purchasing an additional 179 shares during the period. CVA Family Office LLC boosted its position in CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after acquiring an additional 186 shares in the last quarter. Kentucky Retirement Systems boosted its position in shares of CoStar Group by 0.7% in the 1st quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock worth $2,246,000 after purchasing an additional 186 shares in the last quarter. Finally, Norden Group LLC boosted its position in shares of CoStar Group by 1.3% in the 1st quarter. Norden Group LLC now owns 15,557 shares of the technology company's stock worth $1,233,000 after purchasing an additional 194 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Frederick G. Saint sold 25,000 shares of the company's 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 sale, the insider owned 293,103 shares of the company's stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $188,764.05. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSGP. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research report on Monday, June 16th. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Citigroup lifted their price objective on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird lifted their price objective on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. One research 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.15.

CoStar Group Trading Up 2.5%

Shares of CoStar Group stock opened at $88.97 on Tuesday. The stock has a market cap of $37.69 billion, a P/E ratio of 355.88, a P/E/G ratio of 4.00 and a beta of 0.87. The stock's 50 day simple moving average is $89.49 and its 200-day simple moving average is $82.13. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm's quarterly revenue 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. Analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal 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.

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