CoStar Group, Inc. $CSGP Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,893 shares of the technology company’s stock after selling 6,987 shares during the period. PNC Financial Services Group Inc.’s holdings in CoStar Group were worth $7,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC grew its position in shares of CoStar Group by 315.9% during the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after acquiring an additional 259 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of CoStar Group in the first quarter valued at about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group during the first quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group during the first quarter worth about $31,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is owned by company insiders.

CoStar Group Trading Down 0.7%

Shares of CSGP stock opened at $68.05 on Monday. The business’s fifty day moving average price is $78.50 and its 200 day moving average price is $81.78. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43. The firm has a market capitalization of $28.84 billion, a PE ratio of 1,361.00, a P/E/G ratio of 3.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.CoStar Group’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CSGP. BTIG Research initiated coverage on CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating for the company. Wolfe Research started coverage on CoStar Group in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. JPMorgan Chase & Co. lifted 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. Robert W. Baird boosted their price objective 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, Weiss Ratings restated a “sell (d+)” rating on shares of CoStar Group in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target 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.