Bleakley Financial Group LLC Acquires 138 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Bleakley Financial Group LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,638 shares of the technology company’s stock after acquiring an additional 138 shares during the period. Bleakley Financial Group LLC’s holdings in CoStar Group were worth $652,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in CoStar Group in the 1st quarter worth approximately $31,000. Riverview Trust Co purchased a new position in CoStar Group during the first quarter valued at $35,000. RiverPark Advisors LLC bought a new stake in CoStar Group in the 1st quarter valued at $37,000. Industrial Alliance Investment Management Inc. purchased a new stake in CoStar Group in the 2nd quarter worth $49,000. Finally, Quarry LP bought a new position in shares of CoStar Group during the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a research report on Tuesday, September 10th. StockNews.com raised shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods decreased their price target on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group dropped their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Price Performance

Shares of CSGP stock opened at $77.36 on Tuesday. The stock has a 50 day moving average price of $76.40 and a 200 day moving average price of $79.37. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. The firm has a market capitalization of $31.70 billion, a P/E ratio of 145.97 and a beta of 0.81.

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

CoStar Group Company 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.