CoStar Group, Inc. $CSGP Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its holdings in CoStar Group by 18.1%, owning approximately $96.55 million worth of shares after selling 268,500 shares during the first quarter.
• Recent analyst ratings show a consensus target price of $94.15 for CoStar Group, with multiple firms raising their price targets and the stock receiving an overall rating of "Moderate Buy."
• Insiders have sold a total of 52,033 shares in the last ninety days, decreasing their ownership, which currently stands at 1.09% of the company's stock.

Voya Investment Management LLC lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 18.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,218,554 shares of the technology company's stock after selling 268,500 shares during the period. Voya Investment Management LLC owned approximately 0.29% of CoStar Group worth $96,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after acquiring an additional 360 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in CoStar Group during the first quarter worth $221,000. PFG Investments LLC acquired a new position in CoStar Group during the first quarter worth $234,000. Golden State Wealth Management LLC grew its holdings in CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after acquiring an additional 200 shares during the period. Finally, Strs Ohio acquired a new position in CoStar Group during the first quarter worth $5,625,000. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Price Performance

Shares of CSGP traded up $0.86 during trading hours on Thursday, reaching $88.73. 756,637 shares of the company traded hands, compared to its average volume of 3,082,756. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $37.59 billion, a PE ratio of 355.44, a price-to-earnings-growth ratio of 4.06 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The stock has a fifty day simple moving average of $89.66 and a 200 day simple moving average of $82.21.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction dated 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 approximately $26,475,993.99. This trade represents a 7.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction dated 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. In the last ninety days, insiders have sold 52,033 shares of company stock worth $4,777,764. Corporate insiders own 1.09% of the company's stock.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Robert W. Baird upped their target price on CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Wolfe Research assumed coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an "outperform" rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.