CVA Family Office LLC Acquires New Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

CVA Family Office LLC bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 690 shares of the technology company’s stock, valued at approximately $60,000.

A number of other large investors have also added to or reduced their stakes in CSGP. West Tower Group LLC purchased a new stake in shares of CoStar Group during the 2nd quarter valued at $29,000. Quarry LP increased its position in CoStar Group by 75.5% during the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in CoStar Group in the second quarter valued at about $33,000. Resurgent Financial Advisors LLC acquired a new stake in CoStar Group in the fourth quarter worth about $30,000. Finally, Rise Advisors LLC boosted its holdings in CoStar Group by 158.4% in the third quarter. Rise Advisors LLC now owns 460 shares of the technology company’s stock worth $35,000 after acquiring an additional 282 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 1.1 %

Shares of CSGP opened at $96.22 on Thursday. The company has a market capitalization of $39.30 billion, a price-to-earnings ratio of 104.59, a PEG ratio of 10.90 and a beta of 0.83. CoStar Group, Inc. has a 52 week low of $67.03 and a 52 week high of $100.38. The stock’s 50-day moving average price is $86.24 and its 200-day moving average price is $82.87. The company has a quick ratio of 12.01, a current ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CSGP. BMO Capital Markets decreased their price objective on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. JMP Securities lifted their price objective on shares of CoStar Group from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Royal Bank of Canada upped their target price on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup lifted their price target on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC cut their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.70.

CoStar Group 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.