CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its position in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 914,798 shares of the technology company’s stock after selling 3,085 shares during the period. CoStar Group accounts for about 2.9% of Chicago Capital LLC’s investment portfolio, making the stock its 9th biggest holding. Chicago Capital LLC owned about 0.22% of CoStar Group worth $79,944,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP grew its stake in CoStar Group by 75.5% in the first quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. grew its stake in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after purchasing an additional 173 shares in the last quarter. West Tower Group LLC acquired a new position in CoStar Group in the second quarter worth about $29,000. Resurgent Financial Advisors LLC bought a new position in CoStar Group in the fourth quarter worth about $30,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in CoStar Group in the second quarter worth about $33,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $94.52 on Tuesday. CoStar Group, Inc. has a one year low of $67.22 and a one year high of $100.38. The stock has a fifty day moving average of $87.11 and a 200-day moving average of $83.18. The company has a market capitalization of $38.60 billion, a PE ratio of 102.74, a price-to-earnings-growth ratio of 11.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01.

CoStar Group (NASDAQ:CSGPGet Free Report) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSGP. BMO Capital Markets cut their target price on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. JMP Securities raised their target price on shares of CoStar Group from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Robert W. Baird raised their target price on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. BTIG Research began coverage on shares of CoStar Group in a report on Friday, January 19th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus target price of $99.70.

View Our Latest Report on CSGP

CoStar Group Profile

(Free Report)

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.

See Also

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

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