CoStar Group, Inc. $CSGP Stock Holdings Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 89.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 183,640 shares of the technology company’s stock after acquiring an additional 86,875 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CoStar Group were worth $14,769,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Generate Investment Management Ltd bought a new position in shares of CoStar Group during the second quarter worth about $6,306,000. PFG Investments LLC acquired a new stake in CoStar Group in the first quarter worth about $234,000. Red Spruce Capital LLC lifted its holdings in CoStar Group by 37.7% in the second quarter. Red Spruce Capital LLC now owns 21,842 shares of the technology company’s stock worth $1,756,000 after purchasing an additional 5,975 shares during the period. Golden State Wealth Management LLC lifted its holdings in CoStar Group by 6.3% in the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after purchasing an additional 200 shares during the period. Finally, Strs Ohio acquired a new stake in CoStar Group in the first quarter worth about $5,625,000. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CoStar Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Insider Activity

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,033 shares of company stock worth $4,777,764. Corporate insiders own 1.09% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $77.66 on Friday. CoStar Group, Inc. has a twelve month low of $68.41 and a twelve month high of $97.43. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 310.64, a PEG ratio of 3.63 and a beta of 0.87. The firm has a 50-day moving average of $84.48 and a two-hundred day moving average of $82.65.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same period in the prior year, the company earned $0.15 EPS. CoStar Group’s revenue was up 15.2% on a year-over-year basis. As a group, analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group Company 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.