CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,970 shares of the technology company’s stock after acquiring an additional 1,957 shares during the period. Daiwa Securities Group Inc.’s holdings in CoStar Group were worth $5,241,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quarry LP grew its stake in shares of CoStar Group by 75.5% during the first quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. boosted its position in shares of CoStar Group by 125.4% during the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in CoStar Group in the fourth quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. purchased a new position in CoStar Group in the second quarter valued at approximately $33,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in CoStar Group during the fourth quarter worth approximately $37,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Up 0.1 %

CSGP stock opened at $84.26 on Friday. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $89.10 and its 200 day moving average price is $84.40. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The company has a market cap of $34.41 billion, a P/E ratio of 91.59, a P/E/G ratio of 9.68 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. CoStar Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, research analysts expect that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. Robert W. Baird upped their target price on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Bank of America raised their price objective on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada boosted their target price on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Jefferies Financial Group upped their target price on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lifted their price target on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.50.

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.