DekaBank Deutsche Girozentrale Buys 146,658 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

DekaBank Deutsche Girozentrale lifted its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 151.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,423 shares of the technology company’s stock after purchasing an additional 146,658 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of CoStar Group worth $17,992,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Concurrent Investment Advisors LLC lifted its position in CoStar Group by 4.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $242,000 after acquiring an additional 112 shares in the last quarter. Lindbrook Capital LLC lifted its position in CoStar Group by 9.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock valued at $129,000 after acquiring an additional 113 shares in the last quarter. Picton Mahoney Asset Management lifted its position in CoStar Group by 2.9% in the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock valued at $352,000 after acquiring an additional 135 shares in the last quarter. Redmond Asset Management LLC lifted its position in CoStar Group by 0.9% in the 1st quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company’s stock valued at $1,804,000 after acquiring an additional 169 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its position in CoStar Group by 0.5% in the 2nd quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company’s stock valued at $2,688,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CSGP shares. JPMorgan Chase & Co. raised their price target on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. The Goldman Sachs Group dropped their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods dropped their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Bank of America dropped their target price on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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 Monday. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The firm has a market cap of $32.21 billion, a P/E ratio of 108.04, a PEG ratio of 11.56 and a beta of 0.81. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $75.92 and a 200-day moving average of $82.24.

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