Mackenzie Financial Corp Reduces Stock Position in CoStar Group, Inc. $CSGP

Mackenzie Financial Corp lessened its position in CoStar Group, Inc. (NASDAQ:CSGP) by 24.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,863,725 shares of the technology company’s stock after selling 599,629 shares during the period. Mackenzie Financial Corp owned 0.44% of CoStar Group worth $149,843,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rossby Financial LCC boosted its holdings in shares of CoStar Group by 315.9% during the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after purchasing an additional 259 shares during the period. Bayforest Capital Ltd bought a new position in CoStar Group during the 1st quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of CoStar Group in the 1st quarter worth approximately $31,000. Finally, NewSquare Capital LLC grew its position in shares of CoStar Group by 35.6% in the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Up 1.5%

Shares of CoStar Group stock opened at $68.83 on Friday. CoStar Group, Inc. has a 1 year low of $63.82 and a 1 year high of $97.43. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 1,376.60, a PEG ratio of 3.32 and a beta of 0.86. The company has a 50-day moving average of $74.42 and a 200 day moving average of $81.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $833.60 million for 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 quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous 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. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BTIG Research initiated coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating for the company. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Wolfe Research started coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Finally, Wells Fargo & Company set a $60.00 price target on shares of CoStar Group and gave the stock an “underweight” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.38.

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.