NZS Capital LLC Has $31.51 Million Stock Position in CoStar Group, Inc. $CSGP

NZS Capital LLC lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,432 shares of the technology company’s stock after purchasing an additional 22,905 shares during the period. NZS Capital LLC owned 0.09% of CoStar Group worth $31,506,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC bought a new stake in CoStar Group during the 3rd quarter valued at $418,000. Riverview Capital Advisers LLC acquired a new stake in shares of CoStar Group in the 3rd quarter worth about $250,000. Elo Mutual Pension Insurance Co raised its holdings in shares of CoStar Group by 17.9% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 59,262 shares of the technology company’s stock worth $5,000,000 after acquiring an additional 9,000 shares during the last quarter. APG Asset Management N.V. lifted its position in CoStar Group by 2.7% in the 3rd quarter. APG Asset Management N.V. now owns 234,700 shares of the technology company’s stock valued at $19,802,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in CoStar Group by 16.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 6,152 shares of the technology company’s stock valued at $519,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CSGP shares. Royal Bank Of Canada cut their price target on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Keefe, Bruyette & Woods cut their price objective on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Bank of America set a $74.00 target price on CoStar Group in a research report on Wednesday, January 7th. Citizens Jmp cut their target price on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 25th. Finally, BNP Paribas Exane assumed coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.35.

CoStar Group Stock Up 3.6%

CSGP stock opened at $46.78 on Wednesday. CoStar Group, Inc. has a fifty-two week low of $43.16 and a fifty-two week high of $97.43. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 4,682.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The business’s 50 day moving average price is $57.60 and its two-hundred day moving average price is $70.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $900.00 million during the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About CoStar Group

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.