Rakuten Investment Management Inc. Takes Position in CoStar Group, Inc. $CSGP

Rakuten Investment Management Inc. purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,056 shares of the technology company’s stock, valued at approximately $848,000.

A number of other large investors have also recently added to or reduced their stakes in CSGP. Quent Capital LLC purchased a new position in CoStar Group in the third quarter worth approximately $26,000. Rossby Financial LCC lifted its stake in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of CoStar Group during the 3rd quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth about $31,000. Finally, NewSquare Capital LLC raised its holdings in CoStar Group by 35.6% in the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of CSGP stock opened at $65.60 on Friday. The firm has a 50 day moving average of $65.99 and a two-hundred day moving average of $77.56. The stock has a market capitalization of $27.80 billion, a PE ratio of 1,312.00, a P/E/G ratio of 1.68 and a beta of 0.84. 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 $57.01 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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. The business had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. 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. On average, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has approved a share buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. BTIG Research assumed coverage on shares of CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a report on Thursday, January 8th. BMO Capital Markets decreased their price target on CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research note on Thursday, January 8th. Finally, Citizens Jmp dropped their price objective on CoStar Group from $100.00 to $78.00 and set a “market outperform” rating for the company in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.59.

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.