CoStar Group, Inc. (NASDAQ:CSGP) Stake Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its stake in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 5.7% during the fourth quarter, HoldingsChannel reports. The fund owned 65,542 shares of the technology company’s stock after selling 3,978 shares during the quarter. DAVENPORT & Co LLC’s holdings in CoStar Group were worth $5,728,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CSGP. Quarry LP lifted its position in shares of CoStar Group by 75.5% during the first quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. raised its stake in CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares in the last quarter. West Tower Group LLC bought a new position in CoStar Group during the 2nd quarter worth approximately $29,000. Resurgent Financial Advisors LLC acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $30,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $33,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on CSGP shares. The Goldman Sachs Group raised their price objective on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. BMO Capital Markets decreased their price target on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada boosted their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Needham & Company LLC cut their target price on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Robert W. Baird upped their target price on CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.70.

Read Our Latest Analysis on CoStar Group

CoStar Group Stock Up 0.2 %

CSGP opened at $93.37 on Thursday. The stock’s 50 day moving average price is $87.53 and its 200 day moving average price is $83.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The stock has a market cap of $38.13 billion, a P/E ratio of 101.49, a P/E/G ratio of 10.67 and a beta of 0.84. CoStar Group, Inc. has a 12 month low of $67.22 and a 12 month high of $100.38.

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

About CoStar Group

(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.

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

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