Mutual of America Capital Management LLC Sells 2,042 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Mutual of America Capital Management LLC lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,501 shares of the technology company’s stock after selling 2,042 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CoStar Group were worth $3,818,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in CoStar Group in the 1st quarter valued at $31,000. Riverview Trust Co acquired a new stake in shares of CoStar Group during the first quarter worth $35,000. RiverPark Advisors LLC acquired a new position in shares of CoStar Group during the 1st quarter worth approximately $37,000. TFO Wealth Partners LLC grew its holdings in shares of CoStar Group by 5,571.4% during the 4th quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock worth $350,000 after purchasing an additional 390 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in CoStar Group in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Down 2.4 %

NASDAQ:CSGP opened at $77.37 on Monday. The firm has a 50-day simple moving average of $76.32 and a two-hundred day simple moving average of $81.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The firm has a market cap of $31.59 billion, a P/E ratio of 105.99, a P/E/G ratio of 11.55 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSGP. Royal Bank of Canada reiterated an “outperform” rating and set a $96.00 price target on shares of CoStar Group in a report on Tuesday, September 10th. JMP Securities restated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. The Goldman Sachs Group reduced their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $107.00 price target on shares of CoStar Group in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

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.