Salvus Wealth Management LLC Purchases Shares of 3,007 CoStar Group, Inc. $CSGP

Key Points

• Salvus Wealth Management LLC has acquired a new stake in CoStar Group, purchasing 3,007 shares valued at approximately $242,000.
• CoStar Group reported a 15.2% increase in quarterly revenue compared to the same period last year, with earnings per share at $0.17, surpassing analysts' expectations.
• Analysts have set various price targets for CoStar Group's stock, with Citigroup raising its target from $91.00 to $100.00 and several others maintaining a consensus rating of "Moderate Buy".

Salvus Wealth Management LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,007 shares of the technology company's stock, valued at approximately $242,000.

Other institutional investors have also recently bought and sold shares of the company. Aurora Investment Managers LLC. lifted its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after acquiring an additional 164 shares during the period. First Horizon Advisors Inc. lifted its stake in CoStar Group by 5.0% during the first 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. Three Seasons Wealth LLC boosted its holdings in CoStar Group by 4.2% during the second quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company's stock valued at $354,000 after purchasing an additional 179 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of CoStar Group by 28.3% in the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after buying an additional 186 shares in the last quarter. Finally, Kentucky Retirement Systems boosted its stake in CoStar Group by 0.7% in the 1st quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock valued at $2,246,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Down 0.9%

Shares of NASDAQ:CSGP traded down $0.79 during trading on Monday, hitting $86.31. 2,827,921 shares of the company's stock traded hands, compared to its average volume of 2,280,738. The company has a 50-day moving average price of $89.78 and a 200-day moving average price of $82.51. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The company has a market cap of $36.57 billion, a price-to-earnings ratio of 345.24, a price-to-earnings-growth ratio of 4.01 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The firm had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company's revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. 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, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Bank of America assumed coverage on CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective for the company. Finally, Wolfe Research began coverage on CoStar Group in a report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 target price on the stock. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $94.15.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at $29,790,620.97. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated 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 directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 in the last 90 days. 1.09% of the stock is currently owned by corporate insiders.

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.