SG Americas Securities LLC Sells 12,901 Shares of CoStar Group, Inc. $CSGP

SG Americas Securities LLC cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 74.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,515 shares of the technology company’s stock after selling 12,901 shares during the period. SG Americas Securities LLC’s holdings in CoStar Group were worth $381,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after buying an additional 426 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC increased its position in shares of CoStar Group by 9.2% in the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after acquiring an additional 666 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in CoStar Group by 44.6% during the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 29th. Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Exane BNP Paribas raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, January 14th. Raymond James Financial set a $74.00 target price on shares of CoStar Group in a report on Wednesday, January 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.59.

CoStar Group Stock Down 1.0%

CSGP opened at $65.60 on Monday. The stock’s fifty day simple moving average is $65.99 and its 200 day simple moving average is $77.51. CoStar Group, Inc. has a 1-year low of $57.01 and a 1-year high of $97.43. The stock has a market cap of $27.80 billion, a PE ratio of 1,312.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. 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 released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. 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, research analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its board has approved a stock repurchase plan on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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.