Envestnet Portfolio Solutions Inc. Purchases 18,337 Shares of CoStar Group, Inc. $CSGP

Envestnet Portfolio Solutions Inc. grew its position in CoStar Group, Inc. (NASDAQ:CSGP) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,756 shares of the technology company’s stock after acquiring an additional 18,337 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CoStar Group were worth $10,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $29,000. Bayforest Capital Ltd acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $29,000. Zions Bancorporation National Association UT acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $31,000. GKV Capital Management Co. Inc. acquired a new position in shares of CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CoStar Group by 137.4% in 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 in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CSGP shares. Robert W. Baird increased their target price on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. BTIG Research started coverage on CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. BMO Capital Markets increased their target price on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Citigroup raised their price target on CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on 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 sale, the insider directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,033 shares of company stock valued at $4,777,764 over the last three months. Insiders own 1.09% of the company’s stock.

CoStar Group Trading Down 0.5%

CSGP stock opened at $75.18 on Tuesday. The business has a fifty day moving average price of $87.14 and a 200 day moving average price of $82.81. 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 capitalization of $31.85 billion, a price-to-earnings ratio of 300.72, a P/E/G ratio of 3.48 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 released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm 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%.The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm 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. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal 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.