Diversified Trust Co Reduces Stock Holdings in CoStar Group, Inc. $CSGP

Diversified Trust Co decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 18.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,008 shares of the technology company’s stock after selling 694 shares during the quarter. Diversified Trust Co’s holdings in CoStar Group were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wayfinding Financial LLC purchased a new position in shares of CoStar Group during the 1st quarter worth $29,000. Bayforest Capital Ltd purchased a new position in CoStar Group during the first quarter valued at $29,000. Zions Bancorporation National Association UT purchased a new position in CoStar Group during the first quarter valued at $31,000. GKV Capital Management Co. Inc. purchased a new position in CoStar Group during the first quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. lifted its position in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 1.5%

Shares of CSGP stock opened at $84.05 on Thursday. The stock has a market cap of $35.61 billion, a P/E ratio of 336.20, a PEG ratio of 3.93 and a beta of 0.87. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $89.78 and its two-hundred day simple moving average is $82.54.

CoStar Group (NASDAQ:CSGP) last announced its quarterly 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 business had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Citigroup lifted their price target on shares of CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Needham & Company LLC lifted their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 293,103 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s 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 sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,033 shares of company stock worth $4,777,764 over the last ninety days. Insiders own 1.09% of the company’s stock.

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.