Marshall Wace LLP Takes Position in CoStar Group, Inc. $CSGP

Marshall Wace LLP bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 126,698 shares of the technology company’s stock, valued at approximately $10,187,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in CoStar Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock worth $5,535,338,000 after purchasing an additional 420,772 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 worth $989,905,000 after purchasing an additional 290,404 shares in the last quarter. Norges Bank purchased a new stake in shares of CoStar Group in the 2nd quarter worth approximately $426,783,000. Invesco Ltd. grew its stake in shares of CoStar Group by 3.1% in the 2nd quarter. Invesco Ltd. now owns 4,438,464 shares of the technology company’s stock worth $356,853,000 after buying an additional 132,908 shares during the last quarter. Finally, Northern Trust Corp increased its position in CoStar Group by 0.9% during the 1st quarter. Northern Trust Corp now owns 4,027,534 shares of the technology company’s stock valued at $319,102,000 after buying an additional 34,210 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $67.87 on Thursday. The firm’s 50-day moving average price is $71.80 and its 200-day moving average price is $80.73. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43. The company has a market cap of $28.76 billion, a PE ratio of 1,357.40, a PEG ratio of 3.29 and a beta of 0.84. 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 (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. 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. As a group, analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several analyst reports. Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a research note on Thursday, October 9th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Monday. BTIG Research assumed coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.38.

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.