Wealth Enhancement Advisory Services LLC Increases Stock Position in CoStar Group, Inc. $CSGP

Wealth Enhancement Advisory Services LLC increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,180 shares of the technology company’s stock after acquiring an additional 2,125 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CoStar Group were worth $1,657,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in CoStar Group in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in CoStar Group in the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. bought a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. grew its position in 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 purchasing an additional 235 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Up 0.3%

CSGP opened at $84.23 on Tuesday. The firm has a 50-day simple moving average of $89.71 and a two-hundred day simple moving average of $82.74. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The company has a market capitalization of $35.68 billion, a PE ratio of 336.92, a price-to-earnings-growth ratio of 3.87 and a beta of 0.87. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue was up 15.2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CSGP. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Citigroup lifted their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

Insider Activity

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider owned 319,539 shares of the company’s stock, valued at $29,790,620.97. This represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at $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 in the last three months. Insiders own 1.09% of the company’s stock.

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.