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

Apollon Wealth Management LLC grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,332 shares of the technology company’s stock after purchasing 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 reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Markets Americas LLC purchased a new position in CoStar Group in the first quarter valued at about $586,403,000. Vanguard Group Inc. raised its holdings in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after purchasing an additional 2,709,320 shares during the period. Third Point LLC purchased a new stake in CoStar Group in the first quarter worth $156,479,000. Nuveen LLC purchased a new stake in CoStar Group in the first quarter worth $82,756,000. Finally, Kensico Capital Management Corp increased its position in CoStar Group by 86.0% in the first quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock worth $105,479,000 after buying an additional 615,500 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Activity

In other 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 owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider directly owned 319,539 shares in the company, valued at approximately $29,790,620.97. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 in the last three months. 1.09% of the stock is owned by insiders.

CoStar Group Trading Down 0.5%

Shares of CSGP stock opened at $73.99 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The company has a market capitalization of $31.35 billion, a PE ratio of 295.96, a price-to-earnings-growth ratio of 3.50 and a beta of 0.87. The business’s fifty day moving average is $85.48 and its 200 day moving average is $82.64.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. 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, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

CSGP has been the subject of several research reports. BTIG Research initiated coverage on CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their price target on shares of CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently 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.