Copperwynd Financial LLC Acquires 2,936 Shares of CoStar Group, Inc. $CSGP

Copperwynd Financial LLC grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 32.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,018 shares of the technology company’s stock after buying an additional 2,936 shares during the period. Copperwynd Financial LLC’s holdings in CoStar Group were worth $966,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of CoStar Group by 42.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after buying an additional 360 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group during the 1st quarter worth approximately $221,000. Generate Investment Management Ltd bought a new position in shares of CoStar Group during the 2nd quarter worth approximately $6,306,000. PFG Investments LLC bought a new position in shares of CoStar Group in the 1st quarter worth $234,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of CoStar Group by 6.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after purchasing an additional 200 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the sale, the insider directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This trade represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,033 shares of company stock valued at $4,777,764 over the last three months. 1.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. BMO Capital Markets increased their target price on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. Needham & Company LLC increased their target price on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Robert W. Baird increased their target price on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.15.

CoStar Group Trading Down 2.0%

NASDAQ CSGP opened at $79.00 on Thursday. The firm has a market capitalization of $33.47 billion, a P/E ratio of 316.00, a PEG ratio of 3.71 and a beta of 0.87. The business has a fifty day simple moving average of $88.31 and a 200 day simple moving average of $82.85. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

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 analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.CoStar Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. 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 predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

About CoStar Group

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.