Jennison Associates LLC Acquires 970 Shares of CoStar Group, Inc. $CSGP

Jennison Associates LLC boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% in the second quarter, Holdings Channel reports. The firm owned 118,153 shares of the technology company’s stock after purchasing an additional 970 shares during the quarter. Jennison Associates LLC’s holdings in CoStar Group were worth $9,500,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its holdings in CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after acquiring an additional 200 shares in the last quarter. Mather Group LLC. raised its holdings in CoStar Group by 20.3% during the first quarter. Mather Group LLC. now owns 2,484 shares of the technology company’s stock worth $197,000 after acquiring an additional 419 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in CoStar Group by 5.0% during the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company’s stock worth $297,000 after acquiring an additional 179 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in CoStar Group by 1,505.7% during the first quarter. Teacher Retirement System of Texas now owns 61,596 shares of the technology company’s stock worth $4,880,000 after acquiring an additional 57,760 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in CoStar Group by 2.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 36,155 shares of the technology company’s stock worth $2,865,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Insider Activity at CoStar Group

In other 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 transaction, the insider owned 293,103 shares of the company’s stock, valued at approximately $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP opened at $68.81 on Friday. The company has a market cap of $29.15 billion, a PE ratio of 1,376.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83. The firm has a 50-day moving average of $82.65 and a 200-day moving average of $82.58. CoStar Group, Inc. has a one year low of $63.82 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.23 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 the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. CoStar Group’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several analyst reports. Wells Fargo & Company reiterated an “underweight” rating and set a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Needham & Company LLC upped their target price on CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. BTIG Research began coverage on shares of CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

About CoStar Group

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.