Intech Investment Management LLC Trims Position in CoStar Group, Inc. $CSGP

Intech Investment Management LLC trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 27.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,891 shares of the technology company’s stock after selling 9,000 shares during the period. Intech Investment Management LLC’s holdings in CoStar Group were worth $1,921,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in CoStar Group by 4.1% during 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 acquiring an additional 2,709,320 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CoStar Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after purchasing an additional 290,404 shares during the period. Baillie Gifford & Co. boosted its holdings in CoStar Group by 6.6% in the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock valued at $668,400,000 after purchasing an additional 524,601 shares during the period. Mizuho Markets Americas LLC purchased a new position in shares of CoStar Group during the 1st quarter valued at $586,403,000. Finally, Polen Capital Management LLC increased its holdings in shares of CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock worth $523,061,000 after purchasing an additional 104,612 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $67.25 on Friday. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $28.50 billion, a PE ratio of 1,345.00, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The business’s 50-day moving average price is $76.43 and its 200-day moving average price is $81.35. CoStar Group, Inc. has a 12 month low of $63.82 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share 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%.CoStar Group’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Sell-side analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CSGP has been the subject of several research analyst reports. Wells Fargo & Company set a $60.00 price objective on CoStar Group and gave the company an “underweight” rating in a research note on Monday. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Wolfe Research started coverage on CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CoStar Group in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average target price of $93.38.

Insider Buying and Selling at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.09% of the company’s stock.

CoStar Group Company 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.