Gateway Investment Advisers LLC Sells 8,756 Shares of CoStar Group, Inc. $CSGP

Gateway Investment Advisers LLC trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 21.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,517 shares of the technology company’s stock after selling 8,756 shares during the period. Gateway Investment Advisers LLC’s holdings in CoStar Group were worth $2,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of CoStar Group by 19.5% in the third quarter. Global Retirement Partners LLC now owns 2,227 shares of the technology company’s stock valued at $188,000 after purchasing an additional 364 shares during the period. Davis Capital Management acquired a new position in CoStar Group in the 3rd quarter valued at $1,205,000. Buttonwood Financial Advisors Inc. raised its holdings in CoStar Group by 72.3% in the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 9,240 shares of the technology company’s stock worth $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% during the 3rd quarter. Altfest L J & Co. Inc. now owns 7,562 shares of the technology company’s stock worth $638,000 after acquiring an additional 1,662 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in CoStar Group by 3,046.2% during the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock valued at $35,000 after acquiring an additional 396 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $65.69 on Monday. The firm has a market capitalization 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. CoStar Group, Inc. has a one year low of $62.00 and a one year high of $97.43. The business has a fifty day simple moving average of $67.92 and a 200 day simple moving average of $79.38. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

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. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm 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 firm posted $0.22 EPS. The business’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 and its FY 2025 guidance at 0.820-0.840 EPS. Sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CSGP shares. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Needham & Company LLC reiterated a “buy” rating and set a $105.00 price target on shares of CoStar Group in a report on Monday, December 8th. BTIG Research started coverage on CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 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 given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.38.

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.