Raymond James & Associates raised its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 21.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,576 shares of the technology company’s stock after purchasing an additional 4,459 shares during the quarter. Raymond James & Associates owned 0.07% of CoStar Group worth $18,176,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new stake in shares of CoStar Group in the second quarter valued at about $39,000. Balentine LLC bought a new stake in shares of CoStar Group in the 1st quarter worth approximately $42,000. Rockefeller Capital Management L.P. grew its holdings in shares of CoStar Group by 100.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 74 shares of the technology company’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of CoStar Group by 405.6% during the first quarter. Citizens Financial Group Inc RI now owns 91 shares of the technology company’s stock valued at $53,000 after purchasing an additional 73 shares during the period. Finally, Allred Capital Management LLC raised its stake in shares of CoStar Group by 60.6% in the first quarter. Allred Capital Management LLC now owns 106 shares of the technology company’s stock valued at $62,000 after purchasing an additional 40 shares in the last quarter. 89.13% of the stock is owned by institutional investors and hedge funds.
NASDAQ CSGP opened at $849.76 on Friday. The stock’s 50 day simple moving average is $708.87 and its 200 day simple moving average is $661.58. CoStar Group Inc has a one year low of $500.24 and a one year high of $939.00. The firm has a market cap of $33.45 billion, a PE ratio of 92.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 14.01 and a quick ratio of 8.75.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.34. CoStar Group had a return on equity of 8.81% and a net margin of 19.76%. The company had revenue of $392.00 million for the quarter, compared to analyst estimates of $390.18 million. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that CoStar Group Inc will post 8.26 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. Robert W. Baird assumed coverage on shares of CoStar Group in a research note on Wednesday, June 17th. They set an “outperform” rating and a $755.00 price target on the stock. B. Riley lifted their target price on shares of CoStar Group from $730.00 to $810.00 in a research report on Wednesday. Zacks Investment Research raised shares of CoStar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Citigroup lifted their price objective on CoStar Group from $700.00 to $815.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, SunTrust Banks increased their target price on CoStar Group from $695.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. CoStar Group has an average rating of “Buy” and an average price target of $791.08.
CoStar Group Profile
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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