Douglas Lane & Associates LLC Grows Position in CoStar Group, Inc. $CSGP

Douglas Lane & Associates LLC increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 654,782 shares of the technology company’s stock after buying an additional 70,471 shares during the quarter. Douglas Lane & Associates LLC owned 0.15% of CoStar Group worth $55,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. grew its holdings in CoStar Group by 10.0% in the 3rd quarter. Flputnam Investment Management Co. now owns 4,659 shares of the technology company’s stock worth $393,000 after acquiring an additional 422 shares during the last quarter. Kampmann Melissa S. boosted its holdings in shares of CoStar Group by 17.9% during the third quarter. Kampmann Melissa S. now owns 28,900 shares of the technology company’s stock worth $2,438,000 after purchasing an additional 4,395 shares during the period. Voya Investment Management LLC grew its stake in shares of CoStar Group by 49.9% in the third quarter. Voya Investment Management LLC now owns 1,846,286 shares of the technology company’s stock worth $155,771,000 after purchasing an additional 614,515 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in CoStar Group during the 3rd quarter valued at about $247,000. Finally, Wedmont Private Capital raised its position in CoStar Group by 8.5% during the 3rd quarter. Wedmont Private Capital now owns 3,044 shares of the technology company’s stock valued at $245,000 after purchasing an additional 238 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Monday, December 15th. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $105.00 target price on shares of CoStar Group in a research report on Monday, December 8th. Wells Fargo & Company set a $60.00 target price on CoStar Group and gave the stock an “underweight” rating in a research report on Monday, November 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.38.

CoStar Group Price Performance

CSGP stock opened at $65.23 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a 50 day moving average price of $69.71 and a 200-day moving average price of $80.30. CoStar Group, Inc. has a 52-week low of $62.00 and a 52-week high of $97.43. The firm has a market capitalization of $27.65 billion, a price-to-earnings ratio of 1,304.60, a PEG ratio of 3.16 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data 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. The company 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%.The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company 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. Equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS 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.