CoStar Group, Inc. $CSGP Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 175.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,175 shares of the technology company’s stock after buying an additional 30,054 shares during the period. Keybank National Association OH’s holdings in CoStar Group were worth $1,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSGP. New York Life Investment Management LLC boosted its position in CoStar Group by 41.8% in the 3rd quarter. New York Life Investment Management LLC now owns 80,432 shares of the technology company’s stock valued at $2,204,000 after buying an additional 23,721 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of CoStar Group by 34.3% during the third quarter. Retirement Systems of Alabama now owns 115,225 shares of the technology company’s stock valued at $3,157,000 after acquiring an additional 29,439 shares in the last quarter. Fulcrum Asset Management LLP increased its position in shares of CoStar Group by 8,907.0% during the third quarter. Fulcrum Asset Management LLP now owns 59,086 shares of the technology company’s stock worth $1,619,000 after acquiring an additional 58,430 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of CoStar Group by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 23,278 shares of the technology company’s stock worth $645,000 after acquiring an additional 858 shares during the last quarter. Finally, Ethic Inc. lifted its stake in shares of CoStar Group by 75.9% in the third quarter. Ethic Inc. now owns 56,291 shares of the technology company’s stock worth $1,542,000 after acquiring an additional 24,294 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

CoStar Group stock traded up $0.86 during mid-day trading on Friday, reaching $30.96. The company’s stock had a trading volume of 3,185,465 shares, compared to its average volume of 6,312,145. The business has a 50 day moving average price of $30.14 and a 200-day moving average price of $35.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a twelve month low of $25.89 and a twelve month high of $70.57. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 70.37, a PEG ratio of 0.76 and a beta of 0.79.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. The business had revenue of $952.00 million during the quarter, compared to analyst estimates of $945.82 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Sell-side analysts predict that CoStar Group, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings raised CoStar Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. William Blair lowered CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 price objective on CoStar Group in a report on Wednesday, October 28th. Wells Fargo & Company set a $35.00 target price on CoStar Group in a research report on Wednesday, October 28th. Finally, Citizens Jmp reduced their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.11.

Insider Transactions at CoStar Group

In related news, Director John Hill sold 3,050 shares of the company’s stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $30.18, for a total transaction of $92,049.00. Following the completion of the transaction, the director directly owned 19,943 shares in the company, valued at $601,879.74. This represents a 13.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

CoStar Group Profile

CoStar Group, Inc. is a provider of commercial real estate information, analytics and online marketplaces. Its services help real estate professionals, investors, lenders and businesses research properties, evaluate markets and connect with buyers, sellers and tenants. The company’s brands include CoStar, which provides commercial property data and research; LoopNet, a commercial property marketplace; Apartments.com, a rental listings platform; and STR, which supplies benchmarking data for the hospitality industry.