Profund Advisors LLC Sells 236 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Profund Advisors LLC decreased its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,962 shares of the technology company’s stock after selling 236 shares during the period. Profund Advisors LLC’s holdings in CoStar Group were worth $2,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of CoStar Group in the 1st quarter worth $31,000. Riverview Trust Co purchased a new position in CoStar Group during the first quarter valued at $35,000. RiverPark Advisors LLC purchased a new position in CoStar Group during the first quarter valued at $37,000. TFO Wealth Partners LLC lifted its position in CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock valued at $350,000 after purchasing an additional 390 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new position in CoStar Group during the second quarter valued at $49,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.4 %

Shares of CSGP stock opened at $77.37 on Monday. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The company has a market cap of $31.59 billion, a PE ratio of 105.99, a price-to-earnings-growth ratio of 11.55 and a beta of 0.81. The stock’s 50 day simple moving average is $76.32 and its two-hundred day simple moving average is $81.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSGP. The Goldman Sachs Group lowered their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Bank of America decreased their price target on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $107.00 price target on shares of CoStar Group in a report on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods decreased their target price on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

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.