CoStar Group, Inc. $CSGP Stock: Ethic Inc. Raises Holdings

Ethic Inc. raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 75.9% in the third quarter, HoldingsChannel reports. The fund owned 56,291 shares of the technology company’s stock after acquiring an additional 24,294 shares during the period. Ethic Inc.’s holdings in CoStar Group were worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new position in shares of CoStar Group in the second quarter valued at approximately $33,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in CoStar Group by 56.8% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380 shares of the technology company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. Legacies Wealth LLC acquired a new position in CoStar Group in the 3rd quarter valued at $44,000. Pin Oak Investment Advisors Inc. acquired a new position in CoStar Group in the 2nd quarter valued at $47,000. Finally, CYBER HORNET ETFs LLC increased its position in CoStar Group by 50.8% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock worth $50,000 after buying an additional 592 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

CSGP opened at $30.10 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.32. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $70.57. The firm has a market cap of $12.11 billion, a P/E ratio of 68.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79. The business’s fifty day moving average is $30.15 and its 200-day moving average is $35.45.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. The business had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $945.82 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. CoStar Group’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that CoStar Group, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the subject of a number of research reports. KeyCorp set a $33.00 target price on CoStar Group in a report on Monday, August 24th. Wall Street Zen downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings upgraded shares of CoStar Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Citizens Jmp lowered their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 29th. Finally, William Blair cut shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.11.

CoStar Group Company Profile

CoStar Group, Inc. is a provider of commercial real estate information, analytics and online marketplaces. Its services help real estate professionals, investors, lenders and businesses research properties, evaluate markets and connect with buyers, sellers and tenants. The company’s brands include CoStar, which provides commercial property data and research; LoopNet, a commercial property marketplace; Apartments.com, a rental listings platform; and STR, which supplies benchmarking data for the hospitality industry.