CoStar Group, Inc. $CSGP Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,729 shares of the technology company’s stock after selling 29,951 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CoStar Group were worth $13,968,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. First Citizens Bank & Trust Co. grew its position in shares of CoStar Group by 22.4% during the second quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock worth $10,121,000 after acquiring an additional 23,043 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in CoStar Group by 4.7% during the 2nd quarter. Stephens Investment Management Group LLC now owns 773,281 shares of the technology company’s stock valued at $62,172,000 after purchasing an additional 34,444 shares during the period. Third Point LLC grew its position in CoStar Group by 56.2% in the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after purchasing an additional 1,110,000 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of CoStar Group by 4.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 153,459 shares of the technology company’s stock valued at $12,338,000 after purchasing an additional 6,517 shares during the period. Finally, Generate Investment Management Ltd bought a new stake in shares of CoStar Group during the second quarter valued at approximately $6,306,000. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Monday. Wells Fargo & Company set a $60.00 price target on CoStar Group and gave the company an “underweight” rating in a report on Monday, November 17th. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a research report on Thursday, October 9th. Finally, BTIG Research assumed coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating on the stock. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.38.

CoStar Group Price Performance

NASDAQ:CSGP opened at $63.62 on Wednesday. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $70.45 and its 200 day moving average price is $80.55. CoStar Group, Inc. has a 52-week low of $62.00 and a 52-week high of $97.43. The firm has a market cap of $26.96 billion, a P/E ratio of 1,272.40, a PEG ratio of 3.09 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share 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 company had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. During the same quarter last year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. 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 predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group 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.