CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by Wealth Alliance

Wealth Alliance lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,539 shares of the technology company’s stock after purchasing an additional 132 shares during the period. Wealth Alliance’s holdings in CoStar Group were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CSGP. KB Financial Partners LLC grew its holdings in CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the period. Keybank National Association OH increased its holdings in CoStar Group by 0.6% in the 3rd quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after acquiring an additional 133 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in CoStar Group by 2.8% in the 3rd quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after acquiring an additional 135 shares in the last quarter. Creative Planning raised its position in CoStar Group by 0.8% during the third quarter. Creative Planning now owns 18,061 shares of the technology company’s stock worth $1,389,000 after acquiring an additional 138 shares during the period. Finally, Certuity LLC lifted its holdings in CoStar Group by 4.8% during the third quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock valued at $250,000 after purchasing an additional 149 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Down 1.5 %

Shares of CSGP opened at $84.18 on Friday. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $89.08 and a 200 day moving average price of $84.34. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The firm has a market capitalization of $34.38 billion, a P/E ratio of 91.50, a P/E/G ratio of 9.82 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Sell-side analysts forecast that CoStar Group, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on CSGP shares. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Needham & Company LLC reduced their target price on CoStar Group from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. BMO Capital Markets decreased their target price on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Jefferies Financial Group boosted their price target on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, Bank of America increased their price objective on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and an average price target of $100.08.

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.