CoStar Group, Inc. $CSGP Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 49.9% in the third quarter, HoldingsChannel.com reports. The firm owned 1,846,286 shares of the technology company’s stock after buying an additional 614,515 shares during the period. Voya Investment Management LLC’s holdings in CoStar Group were worth $155,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CSGP. Norges Bank acquired a new stake in shares of CoStar Group in the second quarter valued at $426,783,000. Viking Global Investors LP acquired a new position in CoStar Group during the second quarter worth about $258,773,000. Third Point LLC bought a new stake in CoStar Group in the first quarter worth about $156,479,000. Franklin Resources Inc. lifted its holdings in CoStar Group by 70.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock valued at $276,568,000 after acquiring an additional 1,419,732 shares during the last quarter. Finally, Ion Asset Management Ltd. boosted its position in shares of CoStar Group by 730.3% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock valued at $94,055,000 after purchasing an additional 1,028,933 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP stock opened at $64.88 on Friday. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 1,297.60, a P/E/G ratio of 3.14 and a beta of 0.84. CoStar Group, Inc. has a 1-year low of $62.00 and a 1-year high of $97.43. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $69.92 and its 200-day simple moving average is $80.33.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. 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. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on CSGP shares. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 target price on shares of CoStar Group in a report on Monday, December 8th. Wells Fargo & Company set a $60.00 price target on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Monday. BTIG Research initiated coverage on CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating for the company. Finally, Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a report on Wednesday, October 29th. 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

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.