Apollon Wealth Management LLC Boosts Holdings in CoStar Group, Inc. $CSGP

Apollon Wealth Management LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 6.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,332 shares of the technology company’s stock after acquiring an additional 247 shares during the quarter. Apollon Wealth Management LLC’s holdings in CoStar Group were worth $348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock valued at $96,000 after buying an additional 360 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of CoStar Group in the 1st quarter valued at about $221,000. Generate Investment Management Ltd bought a new stake in shares of CoStar Group in the 2nd quarter valued at about $6,306,000. PFG Investments LLC purchased a new position in CoStar Group in the 1st quarter worth approximately $234,000. Finally, Red Spruce Capital LLC increased its stake in CoStar Group by 37.7% in the 2nd quarter. Red Spruce Capital LLC now owns 21,842 shares of the technology company’s stock worth $1,756,000 after purchasing an additional 5,975 shares during the period. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Needham & Company LLC increased their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a report on Thursday, October 9th. Finally, Robert W. Baird boosted 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 analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

CoStar Group Trading Down 0.5%

NASDAQ:CSGP opened at $73.99 on Friday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The company’s 50-day simple moving average is $85.48 and its 200 day simple moving average is $82.64. The firm has a market capitalization of $31.35 billion, a P/E ratio of 295.96, a PEG ratio of 3.50 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (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 firm had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the business earned $0.15 earnings per share. 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. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,033 shares of company stock worth $4,777,764. Insiders own 1.09% of the company’s stock.

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.