Riverbridge Partners LLC Has $139.99 Million Stock Position in CoStar Group, Inc. $CSGP

Riverbridge Partners LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,659,183 shares of the technology company’s stock after selling 94,835 shares during the quarter. CoStar Group makes up 2.4% of Riverbridge Partners LLC’s investment portfolio, making the stock its 9th largest holding. Riverbridge Partners LLC owned approximately 0.39% of CoStar Group worth $139,985,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of CoStar Group by 11.2% during the 1st quarter. American Century Companies Inc. now owns 68,223 shares of the technology company’s stock worth $5,405,000 after buying an additional 6,873 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in CoStar Group by 5.9% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,041 shares of the technology company’s stock worth $796,000 after acquiring an additional 558 shares during the last quarter. Credit Agricole S A boosted its holdings in CoStar Group by 74.5% during the first quarter. Credit Agricole S A now owns 17,048 shares of the technology company’s stock valued at $1,351,000 after acquiring an additional 7,277 shares during the period. Compound Planning Inc. boosted its holdings in CoStar Group by 45.7% during the first quarter. Compound Planning Inc. now owns 8,631 shares of the technology company’s stock valued at $684,000 after acquiring an additional 2,706 shares during the period. Finally, Allstate Corp grew its position in shares of CoStar Group by 44.8% in the first quarter. Allstate Corp now owns 17,582 shares of the technology company’s stock valued at $1,393,000 after purchasing an additional 5,440 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CSGP shares. BTIG Research began coverage on CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 15th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Monday, December 15th. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a report on Thursday, October 9th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

CoStar Group Stock Up 0.5%

NASDAQ CSGP opened at $65.23 on Monday. The stock’s 50 day simple moving average is $69.71 and its 200 day simple moving average is $80.33. CoStar Group, Inc. has a one year low of $62.00 and a one year high of $97.43. The firm has a market cap of $27.65 billion, a PE ratio of 1,304.60, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results 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 return on equity of 2.45% and a net margin of 0.66%.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 business posted $0.22 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. 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, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

About CoStar Group

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.