CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. cut its position in CoStar Group, Inc. (NASDAQ:CSGP) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,992 shares of the technology company’s stock after selling 251 shares during the period. Benjamin Edwards Inc.’s holdings in CoStar Group were worth $222,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crewe Advisors LLC acquired a new stake in CoStar Group during the first quarter worth about $31,000. Riverview Trust Co acquired a new stake in CoStar Group during the first quarter worth about $35,000. RiverPark Advisors LLC acquired a new stake in CoStar Group during the first quarter worth about $37,000. TFO Wealth Partners LLC grew its holdings in CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock worth $350,000 after acquiring an additional 390 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in CoStar Group during the second quarter worth about $49,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSGP has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 target price on shares of CoStar Group in a report on Tuesday, September 17th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Robert W. Baird lowered their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America lowered their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Stock Performance

NASDAQ CSGP opened at $77.37 on Friday. The company has a market cap of $31.59 billion, a PE ratio of 105.99, a price-to-earnings-growth ratio of 11.55 and a beta of 0.81. The stock’s 50 day simple moving average is $76.32 and its 200-day simple moving average is $81.92. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.

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

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.