DNB Asset Management AS Has $5.03 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

DNB Asset Management AS lessened its stake in CoStar Group, Inc. (NASDAQ:CSGPGet Rating) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,520 shares of the technology company’s stock after selling 576 shares during the quarter. DNB Asset Management AS’s holdings in CoStar Group were worth $5,030,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CSGP. LPL Financial LLC boosted its holdings in shares of CoStar Group by 8.4% in the third quarter. LPL Financial LLC now owns 65,813 shares of the technology company’s stock valued at $5,664,000 after buying an additional 5,074 shares during the period. United Capital Financial Advisers LLC acquired a new position in shares of CoStar Group in the third quarter valued at approximately $495,000. UBS Group AG boosted its holdings in shares of CoStar Group by 47.8% in the third quarter. UBS Group AG now owns 360,467 shares of the technology company’s stock valued at $31,022,000 after buying an additional 116,621 shares during the period. Toroso Investments LLC boosted its holdings in shares of CoStar Group by 19.4% in the third quarter. Toroso Investments LLC now owns 5,144 shares of the technology company’s stock valued at $443,000 after buying an additional 834 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of CoStar Group by 6.7% in the third quarter. Rehmann Capital Advisory Group now owns 5,623 shares of the technology company’s stock valued at $484,000 after buying an additional 354 shares during the period. Institutional investors own 94.52% of the company’s stock.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of CoStar Group from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 23rd. Truist Financial cut their price objective on shares of CoStar Group from $110.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. StockNews.com started coverage on shares of CoStar Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, February 23rd. Finally, Robert W. Baird dropped their price target on shares of CoStar Group from $100.00 to $75.00 in a research report on Wednesday, February 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.88.

CSGP stock opened at $57.82 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.08 and a current ratio of 11.08. The company’s 50-day simple moving average is $59.73 and its 200 day simple moving average is $65.74. CoStar Group, Inc. has a 52 week low of $49.00 and a 52 week high of $101.05. The company has a market capitalization of $22.91 billion, a PE ratio of 73.19 and a beta of 0.90.

CoStar Group (NASDAQ:CSGPGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. CoStar Group had a net margin of 15.37% and a return on equity of 7.25%. The business had revenue of $515.83 million for the quarter, compared to the consensus estimate of $512.32 million. During the same period in the prior year, the company posted $0.25 earnings per share. On average, analysts forecast that CoStar Group, Inc. will post 0.87 EPS for the current year.

In other news, insider Michael J. Desmarais sold 1,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $63.14, for a total value of $63,140.00. Following the completion of the transaction, the insider now owns 41,619 shares of the company’s stock, valued at $2,627,823.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Hill sold 1,750 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $57.07, for a total transaction of $99,872.50. Following the completion of the transaction, the director now directly owns 21,998 shares of the company’s stock, valued at approximately $1,255,425.86. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

CoStar Group Profile (Get Rating)

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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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