MAI Capital Management Purchases 1,838 Shares of CoStar Group, Inc. $CSGP

MAI Capital Management grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 92.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,817 shares of the technology company’s stock after acquiring an additional 1,838 shares during the quarter. MAI Capital Management’s holdings in CoStar Group were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rossby Financial LCC boosted its holdings in shares of CoStar Group by 315.9% in the 2nd 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 in the first quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of CoStar Group during the first quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new position in CoStar Group during the 1st quarter valued at about $31,000. Finally, NewSquare Capital LLC increased its holdings in CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.0%

Shares of CoStar Group stock opened at $67.82 on Thursday. The stock’s 50 day simple moving average is $75.22 and its 200-day simple moving average is $81.25. The stock has a market cap of $28.74 billion, a P/E ratio of 1,356.40, a P/E/G ratio of 3.32 and a beta of 0.86. 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, Inc. has a 1-year low of $63.82 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The business had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

CoStar Group Company 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.