Rakuten Investment Management Inc. Makes New $848,000 Investment in CoStar Group, Inc. $CSGP

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

Several other large investors have also made changes to their positions in the business. NewSquare Capital LLC grew its stake 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 acquiring an additional 108 shares during the period. Emerald Advisers LLC lifted its holdings in CoStar Group by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after purchasing an additional 110 shares in the last quarter. Empirical Finance LLC lifted its holdings in CoStar Group by 1.4% during the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock valued at $673,000 after purchasing an additional 114 shares in the last quarter. Wallace Advisory Group LLC grew its position in shares of CoStar Group by 2.5% in the second quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock valued at $412,000 after purchasing an additional 126 shares during the period. Finally, STF Management LP increased its stake in shares of CoStar Group by 2.1% during the second quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after purchasing an additional 128 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

CSGP stock opened at $65.60 on Friday. CoStar Group, Inc. has a 1 year low of $57.01 and a 1 year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a market capitalization of $27.80 billion, a PE ratio of 1,312.00, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The business has a 50 day simple moving average of $65.99 and a 200-day simple moving average of $77.56.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its board has initiated a stock buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CSGP shares. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 target price on shares of CoStar Group in a report on Wednesday, January 14th. Wells Fargo & Company restated an “underweight” rating and issued a $55.00 target price (down previously from $60.00) on shares of CoStar Group in a research report on Thursday, January 8th. BMO Capital Markets dropped their price target on CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a research report on Thursday, January 8th. Finally, Zacks Research downgraded CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.59.

CoStar Group Company 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.