Tectonic Advisors LLC Buys 565 Shares of CoStar Group, Inc. $CSGP

Tectonic Advisors LLC lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 13.8% during the second quarter, HoldingsChannel.com reports. The firm owned 4,662 shares of the technology company’s stock after purchasing an additional 565 shares during the quarter. Tectonic Advisors LLC’s holdings in CoStar Group were worth $375,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after acquiring an additional 360 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in CoStar Group in the 1st quarter worth about $221,000. Generate Investment Management Ltd bought a new position in CoStar Group in the 2nd quarter worth about $6,306,000. PFG Investments LLC bought a new position in CoStar Group in the 1st quarter worth about $234,000. Finally, Golden State Wealth Management LLC increased 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 during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock valued at $4,777,764 over the last 90 days. 1.09% of the stock is currently owned by company insiders.

CoStar Group Trading Down 2.5%

Shares of CSGP stock opened at $75.58 on Friday. The stock has a market capitalization of $32.02 billion, a PE ratio of 302.32, a P/E/G ratio of 3.57 and a beta of 0.87. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The business has a 50-day moving average of $87.58 and a 200 day moving average of $82.80. 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 issued its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.CoStar Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. BMO Capital Markets increased 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 increased 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. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.