Shell Asset Management Co. Sells 1,457 Shares of CoStar Group, Inc. $CSGP

Shell Asset Management Co. decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,450 shares of the technology company’s stock after selling 1,457 shares during the quarter. Shell Asset Management Co.’s holdings in CoStar Group were worth $5,423,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in CoStar Group during the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the first quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group during the first quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group during the first quarter worth $31,000. Finally, Cullen Frost Bankers Inc. raised its stake in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Down 4.3%

Shares of NASDAQ CSGP opened at $81.15 on Tuesday. The company has a 50 day simple moving average of $88.96 and a 200 day simple moving average of $82.89. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The firm has a market cap of $34.38 billion, a PE ratio of 324.60, a price-to-earnings-growth ratio of 3.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.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 business posted $0.15 earnings per share. The firm’s revenue 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. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the company’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 sale, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock worth $4,777,764 over the last quarter. 1.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSGP. Keefe, Bruyette & Woods boosted their price target on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Citigroup boosted their price target on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their target price on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of CoStar Group in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.15.

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.