Strive Asset Management LLC Sells 465 Shares of CoStar Group, Inc. $CSGP

Strive Asset Management LLC reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 12.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,244 shares of the technology company’s stock after selling 465 shares during the quarter. Strive Asset Management LLC’s holdings in CoStar Group were worth $257,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd bought a new position in CoStar Group in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in CoStar Group in the first quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new position in CoStar Group in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new position in CoStar Group in the first quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. boosted its stake in CoStar Group by 137.4% in the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Up 0.1%

CSGP opened at $88.14 on Wednesday. The firm’s fifty day moving average is $89.05 and its two-hundred day moving average is $81.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The firm has a market cap of $37.34 billion, a PE ratio of 352.56, a price-to-earnings-growth ratio of 4.05 and a beta of 0.87. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at $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 available at this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the firm’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 sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CSGP shares. Citigroup raised their price objective on shares of CoStar Group from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Robert W. Baird raised 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. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Needham & Company LLC increased their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Company 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.