Thrivent Financial for Lutherans Sells 49,230 Shares of CoStar Group, Inc. $CSGP

Thrivent Financial for Lutherans lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 28.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,360 shares of the technology company’s stock after selling 49,230 shares during the period. Thrivent Financial for Lutherans’ holdings in CoStar Group were worth $8,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CSGP. Westside Investment Management Inc. raised its position in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of CoStar Group during the third quarter valued at approximately $31,000. Rossby Financial LCC raised its position in shares of CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its position in shares of CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after buying an additional 166 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CSGP. Citigroup reduced their price objective on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Bank of America reduced their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday. Needham & Company LLC reduced their price target on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.94.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.09% of the stock is owned by corporate insiders.

CoStar Group Price Performance

CoStar Group stock opened at $33.80 on Wednesday. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 563.43, a price-to-earnings-growth ratio of 0.85 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. CoStar Group, Inc. has a 1 year low of $31.35 and a 1 year high of $97.43. The firm has a 50-day moving average of $38.74 and a two-hundred day moving average of $53.48.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the previous year, the company earned ($0.04) EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, research analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

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.