CoStar Group, Inc. $CSGP Position Cut by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 76.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,094 shares of the technology company’s stock after selling 13,092 shares during the quarter. Dynasty Wealth Management LLC’s holdings in CoStar Group were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new position in CoStar Group during the 2nd quarter valued at about $426,783,000. Viking Global Investors LP bought a new stake in shares of CoStar Group during the second quarter valued at approximately $258,773,000. Franklin Resources Inc. boosted its position in shares of CoStar Group by 70.3% during the second quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock worth $276,568,000 after buying an additional 1,419,732 shares during the period. Third Point LLC boosted its position in shares of CoStar Group by 56.2% during the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after buying an additional 1,110,000 shares during the period. Finally, Ion Asset Management Ltd. grew its holdings in CoStar Group by 730.3% in the 2nd quarter. Ion Asset Management Ltd. now owns 1,169,833 shares of the technology company’s stock worth $94,055,000 after buying an additional 1,028,933 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the topic of several recent analyst reports. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a report on Thursday, January 8th. Zacks Research downgraded shares of CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. BTIG Research started coverage on shares of CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating on the stock. Finally, Needham & Company LLC dropped their price target on shares of CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $83.59.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $64.79 on Thursday. CoStar Group, Inc. has a 52 week low of $57.01 and a 52 week high of $97.43. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.46 billion, a PE ratio of 1,295.84, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company’s 50-day moving average price is $66.09 and its two-hundred day moving average price is $77.79.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. 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, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.