Farther Finance Advisors LLC Has $117,000 Stock Holdings in CoStar Group, Inc. $CSGP

Farther Finance Advisors LLC increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,461 shares of the technology company’s stock after purchasing an additional 251 shares during the quarter. Farther Finance Advisors LLC’s holdings in CoStar Group were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in shares of CoStar Group during the 1st quarter worth about $29,000. Bayforest Capital Ltd acquired a new position in shares of CoStar Group during the 1st quarter worth about $29,000. Zions Bancorporation National Association UT acquired a new position in shares of CoStar Group during the 1st quarter worth about $31,000. GKV Capital Management Co. Inc. acquired a new position in shares of CoStar Group during the 1st quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of CoStar Group by 137.4% during the 1st 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. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Trading Up 1.1%

Shares of CSGP stock opened at $84.80 on Friday. The stock has a market cap of $35.93 billion, a price-to-earnings ratio of 339.20, a PEG ratio of 3.86 and a beta of 0.87. The stock has a 50-day moving average of $89.20 and a 200-day moving average of $82.83. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its quarterly 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%.The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 in the last ninety days. 1.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSGP. Wolfe Research began coverage on CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. Citigroup upped their price objective on CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Robert W. Baird boosted 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. Stephens raised CoStar Group to a “strong-buy” rating and set a $105.00 price objective on the stock in a report on Monday, June 16th. Finally, Royal Bank Of Canada upped their target price on CoStar Group from $83.00 to $91.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.15.

CoStar Group 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.