Monumental Financial Group Inc. Boosts Position in CoStar Group, Inc. (NASDAQ:CSGP)

Monumental Financial Group Inc. grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,890 shares of the technology company’s stock after buying an additional 326 shares during the quarter. Monumental Financial Group Inc.’s holdings in CoStar Group were worth $1,126,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. KB Financial Partners LLC grew its stake in shares of 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 buying an additional 124 shares in the last quarter. Wealth Alliance grew its position in CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after acquiring an additional 132 shares in the last quarter. Keybank National Association OH raised its stake in shares of CoStar Group by 0.6% during the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock valued at $1,627,000 after purchasing an additional 133 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of CoStar Group by 2.8% during the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after purchasing an additional 135 shares in the last quarter. Finally, Certuity LLC boosted its stake in shares of CoStar Group by 4.8% in 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 during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday. Bank of America increased their price target on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a report on Monday, March 18th. BMO Capital Markets raised their price objective on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Citigroup upped their target price on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $102.46.

CoStar Group Stock Performance

Shares of CSGP stock traded up $2.31 on Friday, hitting $92.65. 2,234,096 shares of the stock traded hands, compared to its average volume of 2,004,094. The company’s fifty day moving average is $89.77 and its 200 day moving average is $84.80. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The company has a market capitalization of $37.83 billion, a PE ratio of 126.92, a PEG ratio of 10.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 12.01.

CoStar Group (NASDAQ:CSGP) last released its 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. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal 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.