Louisbourg Investments Inc. Sells 10,845 Shares of CoStar Group, Inc. $CSGP

Louisbourg Investments Inc. lowered its position in CoStar Group, Inc. (NASDAQ:CSGP) by 40.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,685 shares of the technology company’s stock after selling 10,845 shares during the period. Louisbourg Investments Inc.’s holdings in CoStar Group were worth $1,323,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CSGP. Kampmann Melissa S. lifted its holdings in CoStar Group by 17.9% in the third quarter. Kampmann Melissa S. now owns 28,900 shares of the technology company’s stock valued at $2,438,000 after buying an additional 4,395 shares during the period. Voya Investment Management LLC grew its holdings in CoStar Group by 49.9% during the 3rd quarter. Voya Investment Management LLC now owns 1,846,286 shares of the technology company’s stock worth $155,771,000 after acquiring an additional 614,515 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of CoStar Group in the 3rd quarter worth about $247,000. Wedmont Private Capital lifted its stake in shares of CoStar Group by 8.5% in 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 period. Finally, Czech National Bank boosted its position in shares of CoStar Group by 4.3% during the 3rd quarter. Czech National Bank now owns 107,599 shares of the technology company’s stock valued at $9,078,000 after purchasing an additional 4,475 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSGP. Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of CoStar Group in a research report on Monday, December 8th. Wells Fargo & Company set a $60.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Monday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.38.

CoStar Group Trading Up 0.5%

NASDAQ CSGP opened at $65.23 on Friday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 52 week low of $62.00 and a 52 week high of $97.43. The business has a 50 day moving average price of $69.71 and a 200-day moving average price of $80.27. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 1,304.60, a P/E/G ratio of 3.14 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. During the same quarter last year, the firm posted $0.22 EPS. CoStar Group’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, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share 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.