Benjamin Edwards Inc. Sells 251 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Benjamin Edwards Inc. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,992 shares of the technology company’s stock after selling 251 shares during the quarter. Benjamin Edwards Inc.’s holdings in CoStar Group were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CoStar Group by 14.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 17,123 shares of the technology company’s stock worth $1,269,000 after buying an additional 2,224 shares during the period. Intech Investment Management LLC lifted its holdings in shares of CoStar Group by 44.7% in the 2nd quarter. Intech Investment Management LLC now owns 7,073 shares of the technology company’s stock worth $524,000 after buying an additional 2,184 shares during the period. MQS Management LLC purchased a new stake in shares of CoStar Group in the 2nd quarter worth $207,000. XTX Topco Ltd purchased a new stake in shares of CoStar Group in the 2nd quarter worth $2,213,000. Finally, Seven Eight Capital LP purchased a new stake in shares of CoStar Group in the 2nd quarter worth $4,189,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.4 %

Shares of NASDAQ:CSGP opened at $77.37 on Friday. The business’s 50-day moving average is $76.32 and its 200 day moving average is $81.92. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38. The firm has a market capitalization of $31.59 billion, a P/E ratio of 105.99, a P/E/G ratio of 11.55 and a beta of 0.81. 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 for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $677.80 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. On average, research analysts predict that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CSGP. Royal Bank of Canada reiterated an “outperform” rating and issued a $96.00 target price on shares of CoStar Group in a report on Tuesday, September 10th. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Friday, September 6th. The Goldman Sachs Group decreased their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Needham & Company LLC restated a “buy” rating and set a $107.00 price objective on shares of CoStar Group in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their price objective on CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.