Cetera Investment Advisers Sells 242 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Cetera Investment Advisers trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,961 shares of the technology company’s stock after selling 242 shares during the period. Cetera Investment Advisers’ holdings in CoStar Group were worth $11,118,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of CoStar Group during the 1st quarter valued at about $31,000. Riverview Trust Co bought a new stake in CoStar Group during the 1st quarter valued at approximately $35,000. RiverPark Advisors LLC bought a new stake in CoStar Group during the 1st quarter valued at approximately $37,000. Connectus Wealth LLC raised its stake in CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after purchasing an additional 467,534 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new stake in CoStar Group during the 2nd quarter valued at approximately $49,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Trading Up 0.3 %

CSGP opened at $74.10 on Friday. The stock has a fifty day moving average price of $76.10 and a 200-day moving average price of $80.91. 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 $30.37 billion, a price-to-earnings ratio of 101.51 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.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company 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 firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSGP shares. The Goldman Sachs Group decreased their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price objective on shares of CoStar Group in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods reduced their price objective on 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, StockNews.com raised CoStar Group from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

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.