Baird Financial Group Inc. Reduces Position in CoStar Group, Inc. $CSGP

Baird Financial Group Inc. trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 920,768 shares of the technology company’s stock after selling 41,500 shares during the period. Baird Financial Group Inc. owned 0.22% of CoStar Group worth $74,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of CoStar Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock valued at $5,535,338,000 after purchasing an additional 420,772 shares during the period. Geode Capital Management LLC boosted its position in CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after buying an additional 290,404 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in CoStar Group in the 1st quarter worth approximately $586,403,000. Polen Capital Management LLC increased its holdings in CoStar Group by 1.6% in the 1st quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock worth $523,061,000 after buying an additional 104,612 shares during the period. Finally, Norges Bank purchased a new position in CoStar Group during the 2nd quarter worth approximately $426,783,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CSGP shares. Wolfe Research began coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company set a $60.00 target price on CoStar Group and gave the stock an “underweight” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.38.

CoStar Group Trading Down 1.2%

CSGP stock opened at $68.19 on Friday. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a market cap of $28.90 billion, a P/E ratio of 1,363.80, a PEG ratio of 3.34 and a beta of 0.84. The company’s 50-day simple moving average is $73.12 and its 200-day simple moving average is $80.90.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group Company Profile

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.