CoStar Group, Inc. $CSGP Stock Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 32.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 48,424 shares of the technology company’s stock after acquiring an additional 11,969 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CoStar Group were worth $4,086,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSGP. Rossby Financial LCC increased its holdings 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 valued at $27,000 after purchasing an additional 259 shares during the period. Bayforest Capital Ltd acquired a new stake in CoStar Group in the first quarter worth about $29,000. SJS Investment Consulting Inc. grew its position in CoStar Group by 3,046.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after buying an additional 396 shares in the last quarter. NewSquare Capital LLC increased its stake in CoStar Group by 35.6% during the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in CoStar Group during the 2nd quarter valued at about $36,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

NASDAQ CSGP opened at $58.49 on Friday. CoStar Group, Inc. has a 1 year low of $58.41 and a 1 year high of $97.43. The business’s fifty day moving average is $66.92 and its two-hundred day moving average is $78.79. The stock has a market capitalization of $24.79 billion, a P/E ratio of 1,169.80, a P/E/G ratio of 1.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its board has approved a share repurchase plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James Financial set a $74.00 price target on shares of CoStar Group in a research note on Wednesday. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Thursday. Needham & Company LLC decreased their price target on CoStar Group from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets dropped their price objective on CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.38.

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CoStar Group Profile

(Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

See Also

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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