ClariVest Asset Management LLC decreased its holdings in shares of CoStar Group Inc (NASDAQ:CSGP) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 7,200 shares of the technology company’s stock after selling 100 shares during the period. ClariVest Asset Management LLC’s holdings in CoStar Group were worth $3,358,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CSGP. Amundi Pioneer Asset Management Inc. increased its holdings in CoStar Group by 3.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 125,031 shares of the technology company’s stock valued at $58,317,000 after acquiring an additional 3,996 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CoStar Group by 1.6% during the 1st quarter. Northern Trust Corp now owns 236,339 shares of the technology company’s stock worth $110,234,000 after purchasing an additional 3,685 shares during the period. Teza Capital Management LLC purchased a new stake in CoStar Group in the 1st quarter valued at about $336,000. Sheets Smith Wealth Management purchased a new stake in CoStar Group in the 1st quarter valued at about $1,047,000. Finally, Principal Financial Group Inc. boosted its position in CoStar Group by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 5,757 shares of the technology company’s stock valued at $2,685,000 after buying an additional 53 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.
CSGP stock opened at $547.89 on Thursday. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 74.04, a P/E/G ratio of 3.61 and a beta of 1.35. CoStar Group Inc has a twelve month low of $315.85 and a twelve month high of $555.10.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. The firm had revenue of $328.00 million for the quarter, compared to analyst estimates of $327.45 million. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. CoStar Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Sell-side analysts expect that CoStar Group Inc will post 9 EPS for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub downgraded shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Bank of America upped their price objective on shares of CoStar Group from $460.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Needham & Company LLC upped their price objective on shares of CoStar Group from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of CoStar Group from $490.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $545.50.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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