CoStar Group, Inc. $CSGP Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 122.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 616,538 shares of the technology company’s stock after buying an additional 339,464 shares during the quarter. First Trust Advisors LP’s holdings in CoStar Group were worth $49,570,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Rossby Financial LCC grew its position in 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 acquiring an additional 259 shares during the period. Bayforest Capital Ltd purchased a new position in shares of CoStar Group in the 1st quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of CoStar Group in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of CoStar Group during the 1st quarter worth about $31,000. Finally, NewSquare Capital LLC grew its holdings in shares of CoStar Group by 35.6% during the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after purchasing an additional 108 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CSGP shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. BTIG Research began coverage on shares of CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating on the stock. Wolfe Research started coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price target on shares of CoStar Group in a report on Monday. Finally, Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.38.

CoStar Group Price Performance

Shares of CSGP stock opened at $66.33 on Tuesday. The firm has a fifty day moving average of $72.44 and a two-hundred day moving average of $80.86. The firm has a market cap of $28.11 billion, a P/E ratio of 1,326.60, a P/E/G ratio of 3.29 and a beta of 0.84. CoStar Group, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. 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. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.