Crestwood Advisors Group LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,941 shares of the technology company's stock, valued at approximately $233,000.
Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in CoStar Group during the first quarter valued at about $29,000. Cullen Frost Bankers Inc. grew its position in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock worth $32,000 after buying an additional 235 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in CoStar Group by 414.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after acquiring an additional 402 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of CoStar Group by 27.4% in the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after acquiring an additional 145 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in CoStar Group by 53.1% during the first quarter. SBI Securities Co. Ltd. now owns 652 shares of the technology company's stock valued at $52,000 after purchasing an additional 226 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Wells Fargo & Company reissued an "underweight" rating and set a $70.00 price target (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Bank of America began coverage on shares of CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Needham & Company LLC increased their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of "Moderate Buy" and an average price target of $93.25.
View Our Latest Research Report on CSGP
CoStar Group Stock Up 0.0%
Shares of NASDAQ:CSGP traded up $0.01 during midday trading on Friday, reaching $92.97. 2,527,522 shares of the company were exchanged, compared to its average volume of 3,215,557. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $93.75. The company has a quick ratio of 6.01, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $80.44 and a two-hundred day simple moving average of $78.00. The firm has a market cap of $39.22 billion, a PE ratio of 371.88, a P/E/G ratio of 4.58 and a beta of 0.89.
CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 0.94 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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