Fifth Third Wealth Advisors LLC Boosts Stock Holdings in CoStar Group, Inc. $CSGP

Fifth Third Wealth Advisors LLC grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,183 shares of the technology company’s stock after buying an additional 162 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CoStar Group were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in shares of CoStar Group during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in CoStar Group in the 1st quarter valued at $29,000. GKV Capital Management Co. Inc. acquired a new stake in CoStar Group in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new stake in CoStar Group in the 1st quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. grew its stake in CoStar Group by 137.4% in the 1st 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 period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

CoStar Group stock opened at $75.18 on Tuesday. The firm has a 50 day simple moving average of $87.14 and a 200-day simple moving average of $82.81. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 300.72, a price-to-earnings-growth ratio of 3.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 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 for the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. 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, analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of research analyst reports. Stephens raised shares of CoStar Group to a “strong-buy” rating and set a $105.00 price target on the stock in a research note on Monday, June 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target 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. Citigroup lifted their price target 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. Finally, Robert W. Baird lifted their target price on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction on 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 directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the sale, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,033 shares of company stock valued at $4,777,764. Company insiders own 1.09% of the company’s stock.

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.