CoStar Group, Inc. $CSGP Stock Position Decreased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,653 shares of the technology company’s stock after selling 1,824 shares during the quarter. Verdence Capital Advisors LLC’s holdings in CoStar Group were worth $1,902,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of CoStar Group by 15.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 136,756 shares of the technology company’s stock worth $10,995,000 after acquiring an additional 18,337 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of CoStar Group by 9.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 50,579 shares of the technology company’s stock worth $4,067,000 after acquiring an additional 4,506 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of CoStar Group by 0.3% during the second quarter. Yousif Capital Management LLC now owns 49,852 shares of the technology company’s stock valued at $4,008,000 after buying an additional 130 shares in the last quarter. MGO One Seven LLC grew its holdings in shares of CoStar Group by 5.0% during the second quarter. MGO One Seven LLC now owns 3,006 shares of the technology company’s stock valued at $242,000 after buying an additional 143 shares in the last quarter. Finally, Index Fund Advisors Inc. purchased a new position in shares of CoStar Group during the second quarter valued at $264,000. 96.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on 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 owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s 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 sale, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,033 shares of company stock valued at $4,777,764. Insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

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

CoStar Group Price Performance

CSGP opened at $75.18 on Tuesday. The stock 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. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $87.14 and a 200 day moving average price of $82.81.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) 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 for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts forecast 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.