Choreo LLC Takes $761,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

Choreo LLC acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,288 shares of the technology company’s stock, valued at approximately $761,000.

Several other large investors also recently added to or reduced their stakes in CSGP. Crewe Advisors LLC bought a new position in CoStar Group in the first quarter worth approximately $31,000. Riverview Trust Co purchased a new stake in shares of CoStar Group in the 1st quarter worth $35,000. RiverPark Advisors LLC bought a new position in CoStar Group in the 1st quarter worth $37,000. Connectus Wealth LLC lifted its position in CoStar Group by 915.0% during the fourth quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after purchasing an additional 467,534 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in CoStar Group during the second quarter valued at about $49,000. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research note on Friday, September 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $96.00 price target on shares of CoStar Group in a research report on Tuesday. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Trading Up 1.2 %

Shares of CSGP stock opened at $78.87 on Friday. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 108.04, a price-to-earnings-growth ratio of 11.80 and a beta of 0.81. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The stock’s 50-day moving average price is $75.92 and its 200-day moving average price is $82.29.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Equities research analysts predict that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

CoStar Group Profile

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.