Ethic Inc. Buys 13,170 Shares of CoStar Group, Inc. $CSGP

Ethic Inc. grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 57.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,088 shares of the technology company’s stock after buying an additional 13,170 shares during the period. Ethic Inc.’s holdings in CoStar Group were worth $3,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC increased its stake in shares of CoStar Group by 315.9% in 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 in the last quarter. Bayforest Capital Ltd purchased a new stake in CoStar Group in the 1st quarter worth $29,000. NewSquare Capital LLC raised 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 acquiring an additional 108 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in CoStar Group during the second quarter valued at about $36,000. Finally, HFM Investment Advisors LLC purchased a new position in shares of CoStar Group in the first quarter valued at about $51,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Down 0.9%

CSGP stock opened at $67.24 on Thursday. The firm has a fifty day moving average price of $68.37 and a 200 day moving average price of $79.59. CoStar Group, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $97.43. The firm has a market cap of $28.50 billion, a PE ratio of 1,344.80, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12.

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 the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. During the same quarter last year, the business earned $0.22 earnings per share. CoStar Group’s quarterly revenue was up 20.4% compared to the same quarter last year. 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. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSGP. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Monday, December 15th. Wolfe Research assumed coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. BTIG Research started coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company set a $60.00 price target on shares of CoStar Group and gave the company an “underweight” rating in a report on Monday, November 17th. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.38.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.