Envestnet Portfolio Solutions Inc. Reduces Stock Holdings in CoStar Group, Inc. $CSGP

Envestnet Portfolio Solutions Inc. lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 122,408 shares of the technology company’s stock after selling 14,348 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CoStar Group were worth $10,328,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in CoStar Group by 0.6% during the second quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock worth $5,535,338,000 after buying an additional 420,772 shares during the period. Bamco Inc. NY raised its stake in shares of CoStar Group by 3.4% in the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after acquiring an additional 647,413 shares during the period. State Street Corp lifted its holdings in shares of CoStar Group by 0.9% in the 2nd quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock worth $1,425,731,000 after acquiring an additional 158,539 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 290,404 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CoStar Group by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock worth $624,911,000 after purchasing an additional 821,111 shares during the period. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $65.60 on Friday. The firm’s 50 day simple moving average is $65.99 and its 200-day simple moving average is $77.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. CoStar Group, Inc. has a one year low of $57.01 and a one year high of $97.43. The firm has a market cap of $27.80 billion, a PE ratio of 1,312.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.CoStar Group’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CSGP shares. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating on the stock. BNP Paribas Exane assumed coverage on CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price for the company. BMO Capital Markets reduced their price target on CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a report on Thursday, January 8th. Zacks Research lowered CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Finally, Needham & Company LLC dropped their price objective on CoStar Group from $105.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.59.

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.