TimesSquare Capital Management LLC Has $65.14 Million Stock Position in CoStar Group, Inc. $CSGP

TimesSquare Capital Management LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 810,196 shares of the technology company’s stock after purchasing an additional 57,309 shares during the period. TimesSquare Capital Management LLC’s holdings in CoStar Group were worth $65,140,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of CoStar Group by 28.7% during the 1st quarter. Allworth Financial LP now owns 2,509 shares of the technology company’s stock worth $209,000 after acquiring an additional 559 shares in the last quarter. Cerity Partners LLC raised its stake in shares of CoStar Group by 37.7% in the 1st quarter. Cerity Partners LLC now owns 57,266 shares of the technology company’s stock valued at $4,537,000 after acquiring an additional 15,664 shares in the last quarter. Stephens Inc. AR lifted its holdings in CoStar Group by 2.5% in the 1st quarter. Stephens Inc. AR now owns 32,973 shares of the technology company’s stock worth $2,612,000 after purchasing an additional 807 shares during the last quarter. CWM LLC raised its position in shares of CoStar Group by 32.4% in the first quarter. CWM LLC now owns 8,790 shares of the technology company’s stock valued at $696,000 after purchasing an additional 2,153 shares during the period. Finally, Securian Asset Management Inc. boosted its holdings in shares of CoStar Group by 1.0% during the 1st quarter. Securian Asset Management Inc. now owns 22,246 shares of the technology company’s stock worth $1,763,000 after buying an additional 214 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the transaction, the insider owned 293,103 shares in the company, valued at $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Stock Up 1.8%

Shares of CSGP stock opened at $68.41 on Wednesday. CoStar Group, Inc. has a one year low of $63.82 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 5.83. The stock has a fifty day moving average price of $79.72 and a 200 day moving average price of $82.01. The stock has a market cap of $28.99 billion, a P/E ratio of 1,368.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm 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%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. 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 earnings per share for the current year.

Analysts Set New Price Targets

CSGP has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. BMO Capital Markets lifted their price target on CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 23rd. 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 for the company. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued 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, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

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.