Shelton Capital Management grew its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,001 shares of the technology company’s stock after purchasing an additional 1,320 shares during the quarter. Shelton Capital Management’s holdings in CoStar Group were worth $3,204,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its stake in shares of CoStar Group by 75.5% during the first quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group during the first quarter valued at about $27,000. Global Retirement Partners LLC boosted its stake in shares of CoStar Group by 355.6% during the first quarter. Global Retirement Partners LLC now owns 410 shares of the technology company’s stock valued at $30,000 after purchasing an additional 320 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of CoStar Group during the fourth quarter valued at about $30,000. Finally, Connectus Wealth LLC boosted its stake in shares of CoStar Group by 4.0% during the first quarter. Connectus Wealth LLC now owns 54,022 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,059 shares in the last quarter. 96.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CSGP has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on CoStar Group from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 26th. JPMorgan Chase & Co. cut their price objective on CoStar Group from $114.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Citigroup cut their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Finally, Bank of America cut their price objective on CoStar Group from $104.00 to $101.00 in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus price target of $90.09.
CoStar Group Trading Up 0.6 %
Shares of CSGP stock opened at $82.73 on Friday. The company has a market cap of $33.78 billion, a P/E ratio of 83.57, a PEG ratio of 3.91 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $65.12 and a fifty-two week high of $92.36. The stock has a 50 day simple moving average of $77.88 and a two-hundred day simple moving average of $80.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 13.31 and a current ratio of 13.31.
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $624.67 million for the quarter, compared to the consensus estimate of $625.65 million. CoStar Group had a net margin of 16.86% and a return on equity of 6.49%. Research analysts forecast that CoStar Group, Inc. will post 1.05 earnings per share for the current year.
About CoStar Group
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.
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