Versor Investments LP Acquires New Position in CoStar Group, Inc. $CSGP

Versor Investments LP bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,300 shares of the technology company’s stock, valued at approximately $748,000.

A number of other hedge funds have also added to or reduced their stakes in CSGP. Teacher Retirement System of Texas grew its holdings in CoStar Group by 1,505.7% during the 1st quarter. Teacher Retirement System of Texas now owns 61,596 shares of the technology company’s stock valued at $4,880,000 after buying an additional 57,760 shares in the last quarter. D.A. Davidson & CO. grew its holdings in CoStar Group by 14.9% during the 1st quarter. D.A. Davidson & CO. now owns 33,289 shares of the technology company’s stock valued at $2,637,000 after buying an additional 4,322 shares in the last quarter. Wayfinding Financial LLC purchased a new position in CoStar Group during the 1st quarter valued at about $29,000. China Universal Asset Management Co. Ltd. grew its holdings in CoStar Group by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 10,130 shares of the technology company’s stock valued at $803,000 after buying an additional 3,458 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in CoStar Group by 20.5% during the 1st quarter. Personal CFO Solutions LLC now owns 11,629 shares of the technology company’s stock valued at $921,000 after buying an additional 1,976 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 0.8%

Shares of CSGP opened at $69.38 on Tuesday. The firm has a market cap of $29.40 billion, a P/E ratio of 1,387.60, a P/E/G ratio of 3.32 and a beta of 0.87. The stock has a 50 day simple moving average of $82.23 and a two-hundred day simple moving average of $82.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83. CoStar Group, Inc. has a 1 year low of $63.82 and a 1 year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued 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 business 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%.CoStar Group’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. On average, 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 have weighed in on CSGP. BMO Capital Markets lifted their target price on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.15.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by corporate insiders.

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.