Hanseatic Management Services Inc. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,959 shares of the technology company’s stock, valued at approximately $526,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CSGP. Teachers Advisors LLC raised its holdings in shares of CoStar Group by 5.0% during the first quarter. Teachers Advisors LLC now owns 31,023 shares of the technology company’s stock worth $6,429,000 after purchasing an additional 1,476 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of CoStar Group by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 75,015 shares of the technology company’s stock valued at $15,544,000 after purchasing an additional 5,189 shares during the period. Xact Kapitalforvaltning AB grew its position in shares of CoStar Group by 10.1% in the second quarter. Xact Kapitalforvaltning AB now owns 2,515 shares of the technology company’s stock valued at $663,000 after purchasing an additional 230 shares during the period. Capstone Asset Management Co. acquired a new stake in shares of CoStar Group in the second quarter valued at about $211,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of CoStar Group by 527.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,292 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 4,448 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.
CoStar Group, Inc. (NASDAQ CSGP) traded down $1.74 on Thursday, reaching $297.31. 104,900 shares of the company were exchanged, compared to its average volume of 196,864. The firm has a market capitalization of $10,809.31, a price-to-earnings ratio of 74.95, a PEG ratio of 4.49 and a beta of 1.56. CoStar Group, Inc. has a 52-week low of $179.21 and a 52-week high of $302.12. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. During the same period in the previous year, the firm earned $1.11 earnings per share. CoStar Group’s quarterly revenue was up 16.4% compared to the same quarter last year. equities analysts anticipate that CoStar Group, Inc. will post 3.98 EPS for the current year.
CSGP has been the topic of a number of recent research reports. Citigroup Inc. set a $320.00 price target on shares of CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. restated a “buy” rating and set a $310.00 price target on shares of CoStar Group in a research report on Wednesday, September 13th. Bank of America Corporation restated a “buy” rating and set a $306.00 price target on shares of CoStar Group in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price target on the stock. Finally, Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $332.75.
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About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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