CoStar Group, Inc. $CSGP is Telemark Asset Management LLC’s 5th Largest Position

Telemark Asset Management LLC raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,000 shares of the technology company’s stock after acquiring an additional 50,000 shares during the period. CoStar Group makes up about 4.0% of Telemark Asset Management LLC’s portfolio, making the stock its 5th biggest position. Telemark Asset Management LLC’s holdings in CoStar Group were worth $44,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSGP. Entropy Technologies LP purchased a new stake in CoStar Group in the second quarter valued at $214,000. Swiss National Bank raised its stake in shares of CoStar Group by 7.5% during the 2nd quarter. Swiss National Bank now owns 1,276,765 shares of the technology company’s stock valued at $102,652,000 after buying an additional 88,600 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of CoStar Group by 36.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 125,639 shares of the technology company’s stock valued at $10,101,000 after buying an additional 33,807 shares during the period. Prudential PLC boosted its stake in shares of CoStar Group by 1,315.2% in the second quarter. Prudential PLC now owns 93,458 shares of the technology company’s stock worth $7,514,000 after buying an additional 86,854 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in CoStar Group during the second quarter worth about $266,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frederick G. Saint sold 25,000 shares of the business’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 transaction of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on CSGP. Wolfe Research began coverage on CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 price objective on the stock. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. Wells Fargo & Company set a $60.00 price target on shares of CoStar Group and gave the stock an “underweight” rating in a report on Monday. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CoStar Group in a research report on Thursday, November 13th. One equities 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.38.

CoStar Group Trading Down 0.8%

Shares of CSGP opened at $65.52 on Friday. CoStar Group, Inc. has a 52-week low of $63.82 and a 52-week high of $97.43. The stock has a market cap of $27.77 billion, a PE ratio of 1,310.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The firm’s fifty day moving average is $76.82 and its two-hundred day moving average is $81.42. The company has a quick ratio of 5.83, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million for 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%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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.