CoStar Group, Inc. $CSGP Position Lowered by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 41.3% during the third quarter, HoldingsChannel.com reports. The firm owned 35,232 shares of the technology company’s stock after selling 24,831 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CoStar Group were worth $965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of CoStar Group by 121.4% during the 3rd quarter. IFP Advisors Inc now owns 8,787 shares of the technology company’s stock valued at $241,000 after buying an additional 4,819 shares during the period. Frank Rimerman Advisors LLC acquired a new position in shares of CoStar Group in the third quarter worth $477,000. Counterpoint Mutual Funds LLC increased its stake in shares of CoStar Group by 234.2% in the third quarter. Counterpoint Mutual Funds LLC now owns 31,294 shares of the technology company’s stock worth $857,000 after acquiring an additional 21,929 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of CoStar Group by 46.6% during the third quarter. Vontobel Holding Ltd. now owns 11,275 shares of the technology company’s stock worth $309,000 after acquiring an additional 3,585 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of CoStar Group by 16,445.1% during the third quarter. TD Waterhouse Canada Inc. now owns 32,263 shares of the technology company’s stock worth $884,000 after acquiring an additional 32,068 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $33.92 on Friday. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $79.08. The firm’s fifty day simple moving average is $30.49 and its 200 day simple moving average is $31.80. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $13.74 billion, a PE ratio of 47.27, a PEG ratio of 0.90 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 1.07 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on CSGP shares. The Goldman Sachs Group reissued a “buy” rating and set a $40.00 price objective on shares of CoStar Group in a research report on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Citizens Jmp dropped their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 29th. KeyCorp set a $33.00 price target on CoStar Group in a research note on Monday, August 24th. Finally, Robert W. Baird set a $34.00 price target on CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, CoStar Group has a consensus rating of “Hold” and an average target price of $40.11.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance acquired 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.