Nisa Investment Advisors LLC Sells 21,827 Shares of CoStar Group, Inc. $CSGP

Nisa Investment Advisors LLC decreased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 36.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,851 shares of the technology company’s stock after selling 21,827 shares during the period. Nisa Investment Advisors LLC’s holdings in CoStar Group were worth $3,278,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rossby Financial LCC raised its holdings in CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after buying an additional 259 shares during the last quarter. NewSquare Capital LLC increased its position in shares of CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after acquiring an additional 108 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings 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 worth $35,000 after acquiring an additional 396 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in CoStar Group in the 2nd quarter valued at approximately $36,000. Finally, Chilton Capital Management LLC purchased a new stake in CoStar Group during the 2nd quarter valued at $52,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $59.30 on Tuesday. CoStar Group, Inc. has a 12-month low of $57.01 and a 12-month high of $97.43. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 1,186.00, a price-to-earnings-growth ratio of 1.49 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $66.71 and a 200 day moving average of $78.62.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results 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. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. 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 anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its board has approved a stock repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CSGP shares. 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, January 8th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Thursday. Wells Fargo & Company reaffirmed an “underweight” rating and set a $55.00 price target (down previously from $60.00) on shares of CoStar Group in a report on Thursday. BTIG Research started coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group set a $78.00 target price on shares of CoStar Group in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.81.

CoStar Group Company Profile

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.