Louisbourg Investments Inc. Lowers Stock Position in CoStar Group, Inc. $CSGP

Louisbourg Investments Inc. reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 40.9% during the third quarter, Holdings Channel reports. The firm owned 15,685 shares of the technology company’s stock after selling 10,845 shares during the period. Louisbourg Investments Inc.’s holdings in CoStar Group were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CSGP. First Citizens Bank & Trust Co. lifted its holdings in CoStar Group by 22.4% during the second 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 during the period. Third Point LLC raised its stake in shares of CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after purchasing an additional 1,110,000 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of CoStar Group by 4.7% in the 2nd quarter. Stephens Investment Management Group LLC now owns 773,281 shares of the technology company’s stock worth $62,172,000 after buying an additional 34,444 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in CoStar Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 153,459 shares of the technology company’s stock valued at $12,338,000 after buying an additional 6,517 shares during the period. Finally, Generate Investment Management Ltd purchased a new stake in CoStar Group during the second quarter worth about $6,306,000. 96.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 target price on shares of CoStar Group in a research note on Monday, December 8th. 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, November 17th. Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.38.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $65.23 on Friday. The company’s fifty day moving average price is $69.71 and its 200-day moving average price is $80.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a market capitalization of $27.65 billion, a price-to-earnings ratio of 1,304.60, a PEG ratio of 3.14 and a beta of 0.84. CoStar Group, Inc. has a one year low of $62.00 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data 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 company had revenue of $833.60 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.22 EPS. 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, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group 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.