Teacher Retirement System of Texas Reduces Position in CoStar Group, Inc. $CSGP

Teacher Retirement System of Texas trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 55,256 shares of the technology company’s stock after selling 8,784 shares during the quarter. Teacher Retirement System of Texas’ holdings in CoStar Group were worth $4,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of CoStar Group in the third quarter worth approximately $26,000. Rossby Financial LCC grew its position in CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after purchasing an additional 259 shares during the period. Manning & Napier Advisors LLC bought a new stake in CoStar Group in the 3rd quarter worth approximately $28,000. Root Financial Partners LLC purchased a new stake in CoStar Group during the 3rd quarter valued at $31,000. Finally, NewSquare Capital LLC lifted its holdings in shares of CoStar Group by 35.6% during the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 0.6%

CoStar Group stock opened at $66.22 on Wednesday. CoStar Group, Inc. has a 12-month low of $57.01 and a 12-month high of $97.43. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 1,324.40, a P/E/G ratio of 1.72 and a beta of 0.84. The firm has a 50 day moving average of $65.96 and a 200 day moving average of $77.23. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

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, 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 company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has initiated a share buyback program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Third Point/Loeb has confirmed plans to press for board changes and operational restructuring at CoStar, a catalyst investors often view as value-unlocking and which triggered the initial rally. Reuters: Loeb’s Third Point plans to take aim at CoStar
• Positive Sentiment: Third Point sent a formal letter to CoStar’s board outlining governance and strategy concerns, confirming an organized campaign that increases the odds of near-term corporate actions (board changes, asset/operational reviews). Business Wire: Third Point Sends Letter
• Positive Sentiment: BTIG upgraded CoStar, supporting bullish analyst sentiment that the activist push plus recent buyback/guidance could improve shareholder returns. MSN: BTIG upgrades CoStar Group
• Neutral Sentiment: Analyst/commentary pieces note activist pressure makes upside more compelling but also raise questions about execution risk; these are interpretive and may support continued trading volatility. Seeking Alpha: Activist Pressure Makes The Upside Hard To Ignore
• Neutral Sentiment: Reported short-interest data in the feed is inconsistent/likely erroneous (shows zero shares); treat with caution — no clear signal from shorts right now.
• Negative Sentiment: Near-term risks remain: CoStar’s heavy investments to compete with Zillow and to build residential marketplaces pressured margins and drove much of the 2025 share decline — these execution and margin risks could limit upside if not addressed. Yahoo Finance: Why CoStar Traded Lower in 2025

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research note on Thursday, October 9th. Exane BNP Paribas upgraded shares of CoStar Group to a “hold” rating in a research note on Wednesday, January 14th. BNP Paribas Exane started coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price for the company. Finally, Zacks Research cut shares of CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $83.39.

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.