Quantum Capital Management LLC NJ Sells 9,845 Shares of CoStar Group, Inc. $CSGP

Key Points

• Quantum Capital Management LLC NJ reduced its stake in CoStar Group, Inc. by 1.8%, owning now 528,206 shares valued at approximately $41.85 million.
• Recent activity among institutional investors shows Vanguard Group Inc. increased its holdings in CoStar by 4.1%, now owning about $5.42 billion worth of shares.
• CoStar Group reported a quarterly earnings per share of $0.17, exceeding expectations and marking a year-over-year revenue increase of 15.2%.

Quantum Capital Management LLC NJ lowered its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,206 shares of the technology company's stock after selling 9,845 shares during the quarter. CoStar Group makes up approximately 4.3% of Quantum Capital Management LLC NJ's holdings, making the stock its 12th biggest position. Quantum Capital Management LLC NJ owned about 0.13% of CoStar Group worth $41,850,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Needham & Company LLC lifted their price target on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

Insider Activity at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total value 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. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company's stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded up $2.86 during mid-day trading on Friday, reaching $91.22. 2,875,172 shares of the company traded hands, compared to its average volume of 2,992,999. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week 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. The firm has a market cap of $38.65 billion, a PE ratio of 364.88, a PEG ratio of 4.44 and a beta of 0.85. The company's 50 day moving average price is $87.01 and its 200-day moving average price is $80.71.

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 the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same period in the prior year, the company posted $0.15 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal 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.