CoStar Group, Inc. $CSGP Shares Purchased by Bamco Inc. NY

Bamco Inc. NY grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,679,935 shares of the technology company’s stock after acquiring an additional 647,413 shares during the period. CoStar Group accounts for approximately 4.3% of Bamco Inc. NY’s holdings, making the stock its 3rd largest position. Bamco Inc. NY owned about 4.65% of CoStar Group worth $1,582,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Citizens Bank & Trust Co. increased its holdings in shares of CoStar Group by 22.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock valued at $10,121,000 after acquiring an additional 23,043 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in CoStar Group by 4.7% during the second quarter. Stephens Investment Management Group LLC now owns 773,281 shares of the technology company’s stock worth $62,172,000 after purchasing an additional 34,444 shares during the period. Generate Investment Management Ltd acquired a new position in CoStar Group during the second quarter valued at approximately $6,306,000. Nomura Asset Management Co. Ltd. raised its position in shares of CoStar Group by 4.4% in 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 purchasing an additional 6,517 shares during the period. Finally, SG Capital Management LLC acquired a new stake in shares of CoStar Group in the second quarter worth $75,588,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 1.1%

Shares of CSGP stock opened at $68.23 on Friday. The firm has a fifty day moving average of $71.14 and a 200-day moving average of $80.59. The stock has a market cap of $28.92 billion, a price-to-earnings ratio of 1,364.60, a P/E/G ratio of 3.27 and a beta of 0.84. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43. 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 (NASDAQ:CSGP) last issued its 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. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s 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. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CSGP. BTIG Research initiated coverage on shares of CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Wolfe Research began coverage on CoStar Group in a research note on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $60.00 target price on CoStar Group and gave the company an “underweight” rating in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.38.

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.