CoStar Group, Inc. (NASDAQ:CSGP) Position Boosted by DnB Asset Management AS

DnB Asset Management AS raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPGet Rating) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,017 shares of the technology company’s stock after acquiring an additional 497 shares during the quarter. DnB Asset Management AS’s holdings in CoStar Group were worth $4,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSGP. Allworth Financial LP grew its stake in CoStar Group by 16,125.0% during the 1st quarter. Allworth Financial LP now owns 649 shares of the technology company’s stock valued at $43,000 after acquiring an additional 645 shares in the last quarter. O Dell Group LLC purchased a new position in CoStar Group during the 1st quarter valued at about $51,000. CWM LLC grew its stake in CoStar Group by 15.1% during the 1st quarter. CWM LLC now owns 1,230 shares of the technology company’s stock valued at $82,000 after acquiring an additional 161 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in CoStar Group by 28.9% during the 1st quarter. Sugarloaf Wealth Management LLC now owns 1,253 shares of the technology company’s stock valued at $83,000 after acquiring an additional 281 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in CoStar Group during the 4th quarter valued at about $86,000. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup lifted their price target on CoStar Group from $75.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Robert W. Baird lifted their price target on CoStar Group from $75.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Royal Bank of Canada lifted their price target on CoStar Group from $75.00 to $80.00 in a report on Wednesday, August 24th. BMO Capital Markets assumed coverage on CoStar Group in a report on Monday, September 12th. They set a “market perform” rating and a $83.00 price target for the company. Finally, Truist Financial lifted their price target on CoStar Group to $75.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $85.78.

CoStar Group Stock Up 2.3 %

CSGP opened at $72.07 on Tuesday. The business has a 50 day moving average price of $70.02 and a 200 day moving average price of $64.17. CoStar Group, Inc. has a twelve month low of $49.00 and a twelve month high of $101.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.95 and a current ratio of 11.95. The firm has a market cap of $28.54 billion, a P/E ratio of 83.87 and a beta of 0.93.

CoStar Group (NASDAQ:CSGPGet Rating) last posted its earnings results on Tuesday, July 26th. The technology company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. CoStar Group had a return on equity of 7.31% and a net margin of 16.03%. During the same period last year, the company posted $0.22 earnings per share. Research analysts forecast that CoStar Group, Inc. will post 0.96 EPS for the current year.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $72.51, for a total transaction of $145,020.00. Following the completion of the transaction, the insider now directly owns 39,619 shares in the company, valued at $2,872,773.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John W. Hill sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $74.49, for a total transaction of $104,286.00. Following the completion of the transaction, the director now directly owns 20,598 shares in the company, valued at $1,534,345.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Desmarais sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $72.51, for a total value of $145,020.00. Following the sale, the insider now owns 39,619 shares in the company, valued at $2,872,773.69. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

CoStar Group Company 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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