S Bank Fund Management Ltd Trims Stock Position in CoStar Group, Inc. $CSGP

Key Points

• S Bank Fund Management Ltd significantly reduced its stake in CoStar Group by 70.9% in Q2, now holding 13,316 shares valued at approximately $1,071,000.
• The latest earnings report from CoStar Group indicated an EPS of $0.17, exceeding the consensus estimate, with revenue of $781.30 million for the quarter, up 15.2% year-over-year.
• Despite recent insider sales, analysts generally maintain a Moderate Buy consensus rating for CoStar Group, with varying target prices ranging from $70.00 to $105.00.

S Bank Fund Management Ltd cut its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 70.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,316 shares of the technology company's stock after selling 32,499 shares during the period. S Bank Fund Management Ltd's holdings in CoStar Group were worth $1,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSGP. Farther Finance Advisors LLC lifted its position in CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after acquiring an additional 360 shares during the last quarter. GAMMA Investing LLC lifted its position in CoStar Group by 28.3% in the first quarter. GAMMA Investing LLC now owns 6,335 shares of the technology company's stock valued at $502,000 after acquiring an additional 1,397 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in CoStar Group by 2.2% in the first quarter. Exchange Traded Concepts LLC now owns 31,482 shares of the technology company's stock valued at $2,494,000 after acquiring an additional 664 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in CoStar Group in the first quarter valued at $4,835,000. Finally, Sowell Financial Services LLC purchased a new stake in CoStar Group in the first quarter valued at $576,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Price Performance

CSGP opened at $75.19 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The stock has a market capitalization of $31.85 billion, a PE ratio of 300.76, a price-to-earnings-growth ratio of 3.49 and a beta of 0.87. The stock's 50 day moving average price is $86.31 and its 200-day moving average price is $82.71.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its 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. 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 previous year, the firm earned $0.15 earnings per share. The business's revenue 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 research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In related 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 value of $2,258,250.00. Following the sale, the insider directly owned 293,103 shares of the company's stock, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 directly owned 25,771 shares in the company, 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 ninety days, insiders sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $105.00 target price for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CoStar Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $70.00 target price (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Finally, Robert W. Baird increased their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CoStar Group has a consensus rating of "Moderate Buy" and an average price target of $94.15.

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.

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