Frederick G. Saint Sells 25,000 Shares of CoStar Group (NASDAQ:CSGP) Stock

Key Points

• Frederick Saint, an insider at CoStar Group, sold 25,000 shares at an average price of $90.33, totaling approximately $2.26 million, which represents a 7.86% decrease in his ownership.
• CoStar Group reported earnings of $0.17 per share, exceeding analysts' expectations, and its revenue was up by 15.2% year-over-year.
• A number of brokerages have increased their price targets for CoStar Group, with JPMorgan raising it from $87.00 to $101.00 and Stephens providing a target of $105.00, reflecting a generally positive outlook on the stock.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CoStar Group Stock Performance

CSGP traded up $0.36 on Friday, hitting $89.46. The company had a trading volume of 1,666,535 shares, compared to its average volume of 2,477,359. The company's fifty day moving average price is $88.77 and its 200 day moving average price is $81.65. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 357.84, a price-to-earnings-growth ratio of 4.63 and a beta of 0.87.

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 for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million during 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 company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous 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. Equities analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their price objective on CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Needham & Company LLC boosted their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a research report on Monday, June 16th. Finally, Royal Bank Of Canada boosted their price objective on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

Institutional Trading of CoStar Group

Several institutional investors have recently bought and sold shares of the stock. NewSquare Capital LLC boosted its stake in CoStar Group by 35.6% in the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company's stock valued at $33,000 after buying an additional 108 shares in the last quarter. Emerald Advisers LLC boosted its stake in CoStar Group by 1.9% in the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company's stock worth $463,000 after purchasing an additional 110 shares in the last quarter. Empirical Finance LLC boosted its stake in CoStar Group by 1.4% in the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company's stock worth $673,000 after purchasing an additional 114 shares in the last quarter. Wallace Advisory Group LLC boosted its stake in CoStar Group by 2.5% in the second quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company's stock worth $412,000 after purchasing an additional 126 shares in the last quarter. Finally, STF Management LP boosted its stake in CoStar Group by 2.1% in the second quarter. STF Management LP now owns 6,269 shares of the technology company's stock worth $504,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

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.