Sowell Financial Services LLC Boosts Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• Sowell Financial Services LLC increased its holdings in CoStar Group, Inc. by 52.9% in the second quarter, owning 11,114 shares valued at approximately $894,000.
• Insider trading activity included a sale of 25,000 shares by Frederick G. Saint for over $2.3 million, reducing his ownership by 7.26%.
• CoStar Group's stock is currently priced at $85.31, with analysts predicting an earnings per share (EPS) of 0.94 for the current fiscal year, highlighting a 15.2% increase in quarterly revenue year-over-year.

Sowell Financial Services LLC grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 52.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,114 shares of the technology company's stock after acquiring an additional 3,846 shares during the quarter. Sowell Financial Services LLC's holdings in CoStar Group were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CSGP. Wayfinding Financial LLC purchased a new position in CoStar Group during the 1st quarter worth $29,000. Bayforest Capital Ltd purchased a new position in CoStar Group during the 1st quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new position in CoStar Group during the 1st quarter worth $31,000. Zions Bancorporation National Association UT purchased a new position in CoStar Group during the 1st quarter worth $31,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in 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. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 25,771 shares in the company, 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. Over the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by company insiders.

CoStar Group Stock Down 1.2%

CSGP stock opened at $85.31 on Wednesday. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $89.80 and its 200 day moving average is $82.53. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 341.24, a price-to-earnings-growth ratio of 3.97 and a beta of 0.87. 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 data 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. The company 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%. CoStar Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Sell-side analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Bank of America initiated coverage on shares of CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target on the stock. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Wolfe Research initiated coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $105.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price target on shares of CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" 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, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.15.

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.

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