CoStar Group, Inc. $CSGP Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in CoStar Group, Inc. by 11.1%, owning 207,792 shares after selling 26,050 shares, valuing their stake at approximately $16.46 million.
• In the first quarter, Mizuho Markets Americas LLC acquired a new position in CoStar Group worth $586.4 million, while other institutional investors, including Vanguard Group and Nuveen LLC, also adjusted their positions significantly.
• CoStar Group reported $0.17 earnings per share for the last quarter, exceeding analysts' expectations, with a 15.2% increase in revenue year-over-year, leading to updated guidance for Fiscal Year 2025.

Rafferty Asset Management LLC trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,792 shares of the technology company's stock after selling 26,050 shares during the period. Rafferty Asset Management LLC's holdings in CoStar Group were worth $16,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in CoStar Group during the first quarter valued at approximately $29,000. Bayforest Capital Ltd acquired a new position in CoStar Group during the first quarter valued at approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in CoStar Group during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in CoStar Group during the first quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. lifted its position in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after buying an additional 235 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. 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 research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. Finally, Citigroup boosted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the 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 sale, the chief accounting officer directly owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% 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 Down 0.9%

CSGP traded down $0.84 during trading on Friday, hitting $89.49. The company had a trading volume of 1,974,735 shares, compared to its average volume of 2,737,199. The company has a market cap of $37.91 billion, a PE ratio of 357.96, a P/E/G ratio of 4.36 and a beta of 0.85. The business has a 50-day moving average of $87.98 and a 200-day moving average of $81.18. 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, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group 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.