CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 11.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,207 shares of the technology company’s stock after purchasing an additional 432 shares during the quarter. V Square Quantitative Management LLC’s holdings in CoStar Group were worth $317,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CSGP. Crewe Advisors LLC purchased a new position in CoStar Group in the 1st quarter worth approximately $31,000. Riverview Trust Co bought a new position in CoStar Group in the 1st quarter worth approximately $35,000. RiverPark Advisors LLC bought a new position in CoStar Group in the 1st quarter worth approximately $37,000. Industrial Alliance Investment Management Inc. bought a new position in CoStar Group in the 2nd quarter worth approximately $49,000. Finally, Covestor Ltd lifted its position in CoStar Group by 43.0% in the first quarter. Covestor Ltd now owns 702 shares of the technology company’s stock worth $68,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 1.2 %

Shares of NASDAQ CSGP opened at $79.25 on Monday. 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 52-week low of $67.35 and a 52-week high of $100.38. The firm has a 50 day moving average price of $76.29 and a two-hundred day moving average price of $79.47. The stock has a market cap of $32.36 billion, a P/E ratio of 108.56 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last issued its earnings results 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. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The business had revenue of $677.80 million for the quarter, compared to analyst estimates of $677.18 million. During the same period in the prior year, the firm earned $0.27 earnings per share. CoStar Group’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird cut their target price on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. StockNews.com upgraded CoStar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods reduced their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price 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.