Davis Capital Management Buys New Position in CoStar Group, Inc. $CSGP

Davis Capital Management bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,277 shares of the technology company’s stock, valued at approximately $1,205,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Buttonwood Financial Advisors Inc. increased its stake in shares of CoStar Group by 72.3% during the third quarter. Buttonwood Financial Advisors Inc. now owns 9,240 shares of the technology company’s stock valued at $780,000 after acquiring an additional 3,878 shares during the period. Altfest L J & Co. Inc. lifted its position in CoStar Group by 28.2% in the third quarter. Altfest L J & Co. Inc. now owns 7,562 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,662 shares during the period. SJS Investment Consulting Inc. boosted its stake in CoStar Group by 3,046.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after purchasing an additional 396 shares in the last quarter. Generali Asset Management SPA SGR increased its position in shares of CoStar Group by 641.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 20,661 shares during the period. Finally, Mattern Capital Management LLC raised its stake in shares of CoStar Group by 19.3% in the 3rd quarter. Mattern Capital Management LLC now owns 13,197 shares of the technology company’s stock worth $1,113,000 after buying an additional 2,134 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSGP has been the subject of several research reports. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a report on Thursday, October 9th. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research note on Monday, December 15th. Finally, BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

CoStar Group Stock Performance

Shares of CSGP opened at $65.69 on Friday. CoStar Group, Inc. has a one year low of $62.00 and a one year high of $97.43. The company has a 50-day moving average of $67.92 and a two-hundred day moving average of $79.39. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 1,313.80, a PEG ratio of 1.42 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $823.62 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s 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. On average, equities research analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group Profile

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.