Assenagon Asset Management S.A. Decreases Position in CoStar Group, Inc. (NASDAQ:CSGP)

Assenagon Asset Management S.A. cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 98.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,950 shares of the technology company's stock after selling 393,416 shares during the quarter. Assenagon Asset Management S.A.'s holdings in CoStar Group were worth $630,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in CoStar Group by 204.7% during the 1st quarter. SG Americas Securities LLC now owns 15,717 shares of the technology company's stock valued at $1,245,000 after purchasing an additional 10,558 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CoStar Group by 28.3% during the first quarter. GAMMA Investing LLC now owns 6,335 shares of the technology company's stock worth $502,000 after purchasing an additional 1,397 shares during the period. Yousif Capital Management LLC boosted its position in CoStar Group by 1.3% in the first quarter. Yousif Capital Management LLC now owns 49,722 shares of the technology company's stock valued at $3,939,000 after buying an additional 618 shares during the last quarter. Regatta Capital Group LLC increased its holdings in CoStar Group by 2.4% in the 1st quarter. Regatta Capital Group LLC now owns 12,621 shares of the technology company's stock worth $1,000,000 after buying an additional 301 shares during the period. Finally, Octavia Wealth Advisors LLC acquired a new position in CoStar Group in the 1st quarter worth approximately $828,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded down $0.32 during midday trading on Thursday, reaching $79.57. 2,956,490 shares of the company's stock traded hands, compared to its average volume of 2,922,269. The company has a fifty day simple moving average of $77.64 and a two-hundred day simple moving average of $76.37. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $83.68. The company has a market cap of $33.57 billion, a P/E ratio of 274.38, a PEG ratio of 4.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CSGP shares. Craig Hallum started coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a "buy" rating and a $89.00 target price for the company. William Blair began coverage on CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating on the stock. Wells Fargo & Company lifted their price objective on CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research note on Wednesday, April 30th. Finally, Citigroup dropped their target price on CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.69.

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.