Xponance Inc. Has $5.95 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Xponance Inc. raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 68,118 shares of the technology company’s stock after acquiring an additional 531 shares during the period. Xponance Inc.’s holdings in CoStar Group were worth $5,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in CoStar Group by 75.5% in the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of CoStar Group by 125.4% during the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after purchasing an additional 173 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $30,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $33,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of CoStar Group during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CSGP shares. Jefferies Financial Group lifted their price objective on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Royal Bank of Canada lifted their price objective on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Needham & Company LLC decreased their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Keefe, Bruyette & Woods raised their target price on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of CoStar Group in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

CoStar Group Trading Up 0.1 %

Shares of CSGP opened at $84.26 on Friday. The stock has a fifty day moving average price of $89.10 and a two-hundred day moving average price of $84.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 91.59, a PEG ratio of 9.68 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts predict that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

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.