103,864 Shares of CoStar Group, Inc. $CSGP Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 103,864 shares of the technology company’s stock, valued at approximately $2,846,000.

Several other hedge funds have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC purchased a new stake in CoStar Group during the second quarter valued at about $33,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoStar Group in the second quarter worth about $47,000. Root Financial Partners LLC bought a new stake in shares of CoStar Group in the third quarter valued at approximately $48,000. CYBER HORNET ETFs LLC raised its position in shares of CoStar Group by 50.8% in the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after purchasing an additional 592 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of CoStar Group during the 2nd quarter valued at approximately $59,000. 96.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CSGP shares. William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 price target on CoStar Group in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. BTIG Research cut their price objective on shares of CoStar Group from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, Citizens Jmp reduced their price objective on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group currently has an average rating of “Hold” and a consensus price target of $39.11.

CoStar Group Trading Down 4.7%

CSGP traded down $1.50 on Friday, hitting $30.55. 7,688,185 shares of the company were exchanged, compared to its average volume of 6,549,700. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a fifty day simple moving average of $30.27 and a two-hundred day simple moving average of $36.15. The stock has a market capitalization of $12.29 billion, a PE ratio of 69.43, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $70.57.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $952.00 million during the quarter, compared to analyst estimates of $945.82 million. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. CoStar Group’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Sell-side analysts expect that CoStar Group, Inc. will post 1.12 earnings per share for the current year.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.