Teacher Retirement System of Texas Trims Stock Position in CoStar Group, Inc. $CSGP

Teacher Retirement System of Texas cut its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,256 shares of the technology company’s stock after selling 8,784 shares during the quarter. Teacher Retirement System of Texas’ holdings in CoStar Group were worth $4,662,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CSGP. iA Global Asset Management Inc. raised its stake in CoStar Group by 5.0% in the third quarter. iA Global Asset Management Inc. now owns 49,049 shares of the technology company’s stock worth $4,138,000 after buying an additional 2,323 shares in the last quarter. FWG Holdings LLC grew its holdings in shares of CoStar Group by 4.0% during the 3rd quarter. FWG Holdings LLC now owns 8,474 shares of the technology company’s stock worth $715,000 after acquiring an additional 327 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of CoStar Group in the 3rd quarter worth approximately $848,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of CoStar Group by 2.0% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 258,807 shares of the technology company’s stock worth $21,836,000 after acquiring an additional 5,177 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its stake in shares of CoStar Group by 3.5% in the 3rd quarter. Boomfish Wealth Group LLC now owns 32,422 shares of the technology company’s stock valued at $2,735,000 after purchasing an additional 1,096 shares during the period. Institutional investors own 96.60% of the company’s stock.

Key Stories Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Third Point/Loeb has confirmed plans to press for board changes and operational restructuring at CoStar, a catalyst investors often view as value-unlocking and which triggered the initial rally. Reuters: Loeb’s Third Point plans to take aim at CoStar
• Positive Sentiment: Third Point sent a formal letter to CoStar’s board outlining governance and strategy concerns, confirming an organized campaign that increases the odds of near-term corporate actions (board changes, asset/operational reviews). Business Wire: Third Point Sends Letter
• Positive Sentiment: BTIG upgraded CoStar, supporting bullish analyst sentiment that the activist push plus recent buyback/guidance could improve shareholder returns. MSN: BTIG upgrades CoStar Group
• Neutral Sentiment: Analyst/commentary pieces note activist pressure makes upside more compelling but also raise questions about execution risk; these are interpretive and may support continued trading volatility. Seeking Alpha: Activist Pressure Makes The Upside Hard To Ignore
• Neutral Sentiment: Reported short-interest data in the feed is inconsistent/likely erroneous (shows zero shares); treat with caution — no clear signal from shorts right now.
• Negative Sentiment: Near-term risks remain: CoStar’s heavy investments to compete with Zillow and to build residential marketplaces pressured margins and drove much of the 2025 share decline — these execution and margin risks could limit upside if not addressed. Yahoo Finance: Why CoStar Traded Lower in 2025

CoStar Group Stock Performance

Shares of CSGP stock opened at $66.22 on Wednesday. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of 1,324.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. 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 one year low of $57.01 and a one year high of $97.43. The company’s 50-day moving average is $65.96 and its 200 day moving average is $77.23.

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. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CSGP shares. Zacks Research cut CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Citizens Jmp reduced their target price on shares of CoStar Group from $100.00 to $78.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 8th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research note on Thursday, January 8th. Wells Fargo & Company reissued an “underweight” rating and set a $55.00 price objective (down previously from $60.00) on shares of CoStar Group in a research note on Thursday, January 8th. Finally, Exane BNP Paribas raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.39.

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.