Nisa Investment Advisors LLC Has $4.88 Million Stake in CoStar Group, Inc. $CSGP

Nisa Investment Advisors LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,678 shares of the technology company’s stock after buying an additional 462 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CoStar Group were worth $4,879,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Mizuho Markets Americas LLC acquired a new stake in shares of CoStar Group in the first quarter valued at about $586,403,000. Vanguard Group Inc. grew its position in shares of CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock valued at $5,421,448,000 after purchasing an additional 2,709,320 shares during the last quarter. Third Point LLC acquired a new stake in shares of CoStar Group in the first quarter valued at about $156,479,000. Nuveen LLC acquired a new stake in shares of CoStar Group in the first quarter valued at about $82,756,000. Finally, Kensico Capital Management Corp grew its position in shares of CoStar Group by 86.0% in the first quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company’s stock valued at $105,479,000 after purchasing an additional 615,500 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price target (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Robert W. Baird raised their price target on CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. BTIG Research began coverage on CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

CoStar Group Stock Up 0.1%

NASDAQ CSGP opened at $78.23 on Wednesday. The stock has a market cap of $33.14 billion, a PE ratio of 312.92, a PEG ratio of 3.67 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a twelve month low of $68.41 and a twelve month high of $97.43. The firm has a 50-day simple moving average of $83.83 and a 200 day simple moving average of $82.79.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the transaction, the insider owned 293,103 shares in the company, valued at $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by corporate insiders.

About CoStar Group

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.