Allworth Financial LP Has $283,000 Stake in CoStar Group, Inc. $CSGP

Allworth Financial LP grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 40.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,517 shares of the technology company’s stock after buying an additional 1,008 shares during the period. Allworth Financial LP’s holdings in CoStar Group were worth $283,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rossby Financial LCC raised its holdings in CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after acquiring an additional 259 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of CoStar Group during the first quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new position in CoStar Group in the first quarter worth $31,000. Zions Bancorporation National Association UT acquired a new stake in CoStar Group during the first quarter worth $31,000. Finally, Cullen Frost Bankers Inc. boosted its stake in CoStar Group by 137.4% during the first 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.

CoStar Group Price Performance

CoStar Group stock opened at $67.00 on Tuesday. The business’s fifty day moving average is $78.08 and its two-hundred day moving average is $81.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. The firm has a market cap of $28.40 billion, a P/E ratio of 1,340.00, a P/E/G ratio of 3.32 and a beta of 0.86. CoStar Group, Inc. has a 52 week low of $63.82 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSGP. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CoStar Group in a report on Thursday. 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. JPMorgan Chase & Co. raised their target price on CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, BTIG Research initiated coverage on CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating on the stock. 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 two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the business’s 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 in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.