iA Global Asset Management Inc. Increases Position in CoStar Group, Inc. (NASDAQ:CSGP)

iA Global Asset Management Inc. increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 4.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 40,128 shares of the technology company’s stock after buying an additional 1,753 shares during the quarter. iA Global Asset Management Inc.’s holdings in CoStar Group were worth $2,975,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of CoStar Group during the fourth quarter worth about $3,230,000. CWM LLC grew its holdings in CoStar Group by 4.9% during the 4th quarter. CWM LLC now owns 4,969 shares of the technology company’s stock valued at $434,000 after buying an additional 234 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of CoStar Group by 10.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 11,650 shares of the technology company’s stock valued at $1,018,000 after buying an additional 1,145 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of CoStar Group by 14.3% in the fourth quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock worth $1,273,000 after buying an additional 1,824 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of CoStar Group in the fourth quarter worth $211,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

CoStar Group stock opened at $77.30 on Friday. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $75.08 and a 200-day moving average price of $82.61. The firm has a market capitalization of $31.56 billion, a PE ratio of 105.89, a price-to-earnings-growth ratio of 10.97 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $677.80 million during the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

CSGP has been the subject of several research analyst reports. Bank of America cut their target price on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their price objective on CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JMP Securities decreased their target price on CoStar Group from $110.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada lowered their target price on CoStar Group from $109.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

About CoStar Group

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.