Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 7,095 Shares of CoStar Group, Inc. $CSGP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,470 shares of the technology company’s stock after buying an additional 7,095 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CoStar Group were worth $8,319,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its position in shares of CoStar Group by 22.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock worth $10,121,000 after acquiring an additional 23,043 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in CoStar Group by 4.7% in the second quarter. Stephens Investment Management Group LLC now owns 773,281 shares of the technology company’s stock valued at $62,172,000 after purchasing an additional 34,444 shares during the last quarter. Generate Investment Management Ltd bought a new position in CoStar Group in the second quarter worth about $6,306,000. Oppenheimer Asset Management Inc. lifted its position in shares of CoStar Group by 2.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 286,510 shares of the technology company’s stock valued at $23,035,000 after buying an additional 5,758 shares during the last quarter. Finally, Callan Family Office LLC boosted its holdings in shares of CoStar Group by 132.3% in the 2nd quarter. Callan Family Office LLC now owns 17,673 shares of the technology company’s stock valued at $1,421,000 after buying an additional 10,064 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Wolfe Research started coverage on CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. Finally, Needham & Company LLC upped their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Trading Down 0.7%

Shares of NASDAQ:CSGP opened at $68.05 on Monday. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $63.82 and a 12-month high of $97.43. The business has a 50 day moving average of $78.50 and a two-hundred day moving average of $81.78. The company has a market capitalization of $28.84 billion, a PE ratio of 1,361.00, a PEG ratio of 3.32 and a beta of 0.86.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating 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 firm had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’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. FY 2025 guidance at 0.820-0.840 EPS. As a group, analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the 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 sale, the insider directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.09% of the company’s stock.

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.