CoStar Group, Inc. (NASDAQ:CSGP) Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 14.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,440 shares of the technology company’s stock after purchasing an additional 550 shares during the quarter. OLD National Bancorp IN’s holdings in CoStar Group were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. acquired a new position in CoStar Group during the fourth quarter valued at $37,000. CVA Family Office LLC acquired a new position in CoStar Group during the fourth quarter valued at $60,000. KB Financial Partners LLC lifted its position in CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the period. Finally, Lindbrook Capital LLC lifted its position in CoStar Group by 78.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after purchasing an additional 540 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Up 8.7 %

Shares of NASDAQ CSGP opened at $91.95 on Thursday. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The stock has a market cap of $37.55 billion, a PE ratio of 125.96, a P/E/G ratio of 9.73 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $89.40 and a 200 day moving average of $84.64.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.97%. The company had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter in the prior year, the company earned $0.35 EPS. CoStar Group’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSGP. Citigroup boosted their target price on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. BMO Capital Markets boosted their target price on shares of CoStar Group from $79.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Bank of America boosted their target price on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, BTIG Research initiated coverage on shares of CoStar Group in a research report on Friday, January 19th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.15.

CoStar Group Profile

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.