Daiwa Securities Group Inc. Acquires 13,619 Shares of CoStar Group, Inc. $CSGP

Daiwa Securities Group Inc. increased its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 14.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 106,213 shares of the technology company’s stock after buying an additional 13,619 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CoStar Group were worth $8,539,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in CoStar Group in the second quarter valued at about $426,783,000. Third Point LLC purchased a new position in CoStar Group in the first quarter valued at approximately $156,479,000. Franklin Resources Inc. grew its holdings in CoStar Group by 70.3% during the second quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock valued at $276,568,000 after purchasing an additional 1,419,732 shares during the period. Nuveen LLC purchased a new stake in CoStar Group in the first quarter worth $82,756,000. Finally, SG Capital Management LLC purchased a new stake in CoStar Group in the second quarter worth $75,588,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSGP shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Wells Fargo & Company set a $60.00 price objective on CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. Wolfe Research assumed coverage on shares of CoStar Group in a report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $105.00 price target on shares of CoStar Group in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.38.

CoStar Group Trading Down 0.1%

Shares of CSGP opened at $67.87 on Thursday. The business’s 50-day moving average price is $71.80 and its 200-day moving average price is $80.73. CoStar Group, Inc. has a twelve month low of $63.82 and a twelve month high of $97.43. The stock has a market cap of $28.76 billion, a PE ratio of 1,357.40, a P/E/G ratio of 3.29 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 (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million during the quarter, compared to analyst estimates 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 period last year, the business 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, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group Profile

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.