Oppenheimer & Co. Inc. Has $2.50 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Oppenheimer & Co. Inc. decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 18.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,762 shares of the technology company’s stock after selling 7,594 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CoStar Group were worth $2,503,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its position in shares of CoStar Group by 4.7% in the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $242,000 after buying an additional 112 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of CoStar Group by 9.2% during 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 during the period. Picton Mahoney Asset Management grew its holdings in shares of CoStar Group by 2.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock worth $352,000 after purchasing an additional 135 shares in the last quarter. Redmond Asset Management LLC raised its stake in CoStar Group by 0.9% in the first quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company’s stock valued at $1,804,000 after purchasing an additional 169 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC grew its stake in CoStar Group by 0.5% during the second quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company’s stock worth $2,688,000 after buying an additional 172 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced 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 report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and set a $96.00 price objective on shares of CoStar Group in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. Finally, The Goldman Sachs Group reduced their price target on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One 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 company’s stock. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Stock Performance

Shares of CSGP stock opened at $77.90 on Tuesday. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The stock has a market capitalization of $31.81 billion, a P/E ratio of 106.71, a PEG ratio of 11.56 and a beta of 0.81. 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 firm’s 50 day moving average is $76.03 and its 200 day moving average is $82.18.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm had revenue of $677.80 million during the quarter, compared to analyst estimates of $677.18 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, 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.