Employees Retirement System of Texas Acquires 3,401 Shares of CoStar Group, Inc. $CSGP

Employees Retirement System of Texas lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,372 shares of the technology company’s stock after acquiring an additional 3,401 shares during the quarter. Employees Retirement System of Texas’ holdings in CoStar Group were worth $3,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. NewSquare Capital LLC increased its position in CoStar Group by 35.6% during the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after purchasing an additional 108 shares during the period. Emerald Advisers LLC boosted its stake in shares of CoStar Group by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after purchasing an additional 110 shares in the last quarter. Empirical Finance LLC increased its position in shares of CoStar Group by 1.4% during the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock valued at $673,000 after buying an additional 114 shares during the period. Wallace Advisory Group LLC raised its stake in CoStar Group by 2.5% in the second quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock worth $412,000 after buying an additional 126 shares in the last quarter. Finally, STF Management LP raised its stake in CoStar Group by 2.1% in the second quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.0%

CoStar Group stock opened at $67.82 on Thursday. CoStar Group, Inc. has a 12 month low of $63.82 and a 12 month high of $97.43. The company has a market capitalization of $28.74 billion, a price-to-earnings ratio of 1,356.40, a price-to-earnings-growth ratio of 3.32 and a beta of 0.86. The business’s fifty day simple moving average is $75.22 and its two-hundred day simple moving average is $81.25. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CSGP shares. Wells Fargo & Company set a $60.00 price objective on CoStar Group and gave the company an “underweight” rating in a research report on Monday, November 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Jefferies Financial Group upgraded CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $93.38.

CoStar Group Company Profile

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.