Ninety One UK Ltd Sells 8,601 Shares of CoStar Group, Inc. $CSGP

Ninety One UK Ltd lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,414 shares of the technology company’s stock after selling 8,601 shares during the period. Ninety One UK Ltd owned 0.07% of CoStar Group worth $26,274,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Third Point LLC raised its position in CoStar Group by 56.2% in the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after purchasing an additional 1,110,000 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in CoStar Group by 22.4% in the second quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock worth $10,121,000 after purchasing an additional 23,043 shares during the period. Swedbank AB lifted its position in CoStar Group by 21.0% during the 3rd quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock valued at $25,510,000 after purchasing an additional 52,433 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of CoStar Group by 4.4% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 153,459 shares of the technology company’s stock valued at $12,338,000 after purchasing an additional 6,517 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of CoStar Group by 49.9% during the 3rd quarter. Voya Investment Management LLC now owns 1,846,286 shares of the technology company’s stock worth $155,771,000 after buying an additional 614,515 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

Shares of CSGP opened at $67.24 on Friday. The business has a 50-day simple moving average of $68.16 and a two-hundred day simple moving average of $79.50. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $62.00 and a 12-month high of $97.43. The stock has a market cap of $28.50 billion, a PE ratio of 1,344.80, a PEG ratio of 3.26 and a beta of 0.84.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSGP. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Monday, December 15th. BTIG Research began coverage on CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $105.00 price objective on shares of CoStar Group in a report on Monday, December 8th. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.38.

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.