Bleakley Financial Group LLC Purchases 138 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Bleakley Financial Group LLC boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,638 shares of the technology company’s stock after buying an additional 138 shares during the period. Bleakley Financial Group LLC’s holdings in CoStar Group were worth $652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC purchased a new position in shares of CoStar Group during the first quarter valued at $31,000. Riverview Trust Co bought a new position in CoStar Group during the 1st quarter worth about $35,000. RiverPark Advisors LLC purchased a new position in CoStar Group during the 1st quarter valued at about $37,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of CoStar Group in the 2nd quarter valued at about $49,000. Finally, Quarry LP purchased a new stake in shares of CoStar Group in the 2nd quarter worth approximately $54,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

NASDAQ CSGP opened at $77.36 on Tuesday. The company has a market cap of $31.70 billion, a price-to-earnings ratio of 145.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. The stock’s fifty day moving average price is $76.40 and its 200 day moving average price is $79.37. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

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. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. During the same period last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $96.00 price objective on shares of CoStar Group in a research note on Tuesday, September 10th. StockNews.com upgraded CoStar Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Robert W. Baird lowered their price target on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price objective on shares of CoStar Group in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.