Connable Office Inc. maintained its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,904 shares of the technology company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in CoStar Group were worth $765,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CSGP. Dimensional Fund Advisors LP increased its position in shares of CoStar Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,826 shares of the technology company’s stock worth $13,161,000 after buying an additional 1,640 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of CoStar Group by 62.8% in the fourth quarter. Guggenheim Capital LLC now owns 2,910 shares of the technology company’s stock worth $549,000 after buying an additional 1,123 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of CoStar Group by 155.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,328 shares of the technology company’s stock worth $12,125,000 after buying an additional 39,105 shares in the last quarter. Teachers Advisors LLC increased its position in shares of CoStar Group by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 29,547 shares of the technology company’s stock worth $5,569,000 after buying an additional 2,328 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of CoStar Group by 56.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,560 shares of the technology company’s stock worth $860,000 after buying an additional 1,640 shares in the last quarter.
Shares of CoStar Group, Inc. (NASDAQ CSGP) opened at 281.18 on Thursday. The company’s 50-day moving average is $271.96 and its 200-day moving average is $235.94. CoStar Group, Inc. has a 12-month low of $179.22 and a 12-month high of $284.47. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 94.39 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $234.38 million. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. On average, equities analysts forecast that CoStar Group, Inc. will post $4.49 earnings per share for the current fiscal year.
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CSGP has been the topic of a number of research reports. Zacks Investment Research raised shares of CoStar Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. B. Riley reissued a “buy” rating and issued a $275.00 target price on shares of CoStar Group in a research note on Friday, April 28th. Finally, Needham & Company LLC raised their target price on shares of CoStar Group from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $309.50.
In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of CoStar Group stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Klein sold 20,000 shares of CoStar Group stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. 2.98% of the stock is owned by insiders.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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