Allstate Corp Makes New $1.36 Million Investment in CoStar Group, Inc. $CSGP

Allstate Corp bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,098 shares of the technology company’s stock, valued at approximately $1,358,000.

Several other institutional investors also recently modified their holdings of the stock. Quent Capital LLC bought a new stake in shares of CoStar Group in the third quarter worth about $26,000. Rossby Financial LCC boosted its holdings in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after buying an additional 259 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of CoStar Group in the 3rd quarter valued at about $28,000. NewSquare Capital LLC lifted its position in shares of CoStar Group by 35.6% in the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of CoStar Group by 3,046.2% in the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after purchasing an additional 396 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Trading Down 2.3%

Shares of CoStar Group stock opened at $63.82 on Wednesday. The stock’s 50-day simple moving average is $66.17 and its 200 day simple moving average is $77.88. 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, Inc. has a 52-week low of $57.01 and a 52-week high of $97.43. The stock has a market capitalization of $27.05 billion, a P/E ratio of 1,276.40, a P/E/G ratio of 1.67 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its earnings results 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. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its board has initiated a stock buyback program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC reduced their price target on CoStar Group from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets dropped their price objective on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a research note on Thursday, January 8th. Zacks Research downgraded shares of CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. BTIG Research assumed coverage on shares of CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating for the company. Finally, Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.50.

CoStar Group Profile

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.