Steph & Co. Trims Stock Position in CoStar Group, Inc. $CSGP

Steph & Co. decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 41.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430 shares of the technology company’s stock after selling 1,003 shares during the quarter. Steph & Co.’s holdings in CoStar Group were worth $115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. Wayfinding Financial LLC purchased a new stake in CoStar Group in the 1st quarter valued at $29,000. Bayforest Capital Ltd purchased a new stake in CoStar Group in the 1st quarter valued at $29,000. Zions Bancorporation National Association UT purchased a new stake in CoStar Group in the 1st quarter valued at $31,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the 1st quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. raised its position 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 buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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 report on Wednesday, July 23rd. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Robert W. Baird upped their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an “underweight” rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction 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 directly owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the 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 completion of the sale, the insider directly owned 319,539 shares in the company, valued at approximately $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $83.09 on Friday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. 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 market cap of $35.20 billion, a PE ratio of 332.36, a price-to-earnings-growth ratio of 3.87 and a beta of 0.87. The firm’s fifty day simple moving average is $89.74 and its 200-day simple moving average is $82.56.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.