Accretive Wealth Partners LLC Purchases 177 Shares of CoStar Group, Inc. $CSGP

Accretive Wealth Partners LLC lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% during the second quarter, Holdings Channel.com reports. The firm owned 11,443 shares of the technology company’s stock after buying an additional 177 shares during the quarter. Accretive Wealth Partners LLC’s holdings in CoStar Group were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bayforest Capital Ltd bought a new position in shares of CoStar Group during the first quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of CoStar Group during the first quarter worth approximately $29,000. GKV Capital Management Co. Inc. bought a new position in shares of CoStar Group during the first quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new position in shares of CoStar Group during the first quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after purchasing an additional 235 shares during the period. Institutional investors own 96.60% of the company’s stock.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group 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 transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,033 shares of company stock valued at $4,777,764. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Stock Down 0.5%

Shares of CSGP opened at $73.99 on Monday. The company has a market capitalization of $31.35 billion, a PE ratio of 295.96, a PEG ratio of 3.48 and a beta of 0.87. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43. The stock’s 50-day moving average price is $85.48 and its two-hundred day moving average price is $82.70. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of analyst reports. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Wolfe Research initiated coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target on the stock. Needham & Company LLC increased their price target on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Robert W. Baird lifted 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. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average target price of $94.15.

CoStar Group Company 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.