CoStar Group, Inc. $CSGP Holdings Raised by Equitable Trust Co.

Equitable Trust Co. grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,880 shares of the technology company’s stock after purchasing an additional 13,423 shares during the period. Equitable Trust Co.’s holdings in CoStar Group were worth $8,995,000 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 raised its holdings in CoStar Group by 42.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after buying an additional 360 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of CoStar Group in the first quarter worth $221,000. Generate Investment Management Ltd acquired a new stake in shares of CoStar Group in the second quarter worth $6,306,000. PFG Investments LLC acquired a new stake in shares of CoStar Group in the first quarter worth $234,000. Finally, Golden State Wealth Management LLC lifted its stake in CoStar Group by 6.3% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

In related news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the transaction, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CSGP. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Citigroup increased their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price target on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $75.18 on Tuesday. The business has a 50 day moving average price of $87.14 and a 200 day moving average price of $82.81. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43. The company has a market cap of $31.85 billion, a price-to-earnings ratio of 300.72, a PEG ratio of 3.48 and a beta of 0.87. 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 (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

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.