OLD National Bancorp IN Acquires 550 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

OLD National Bancorp IN lifted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,440 shares of the technology company’s stock after acquiring an additional 550 shares during the quarter. OLD National Bancorp IN’s holdings in CoStar Group were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KB Financial Partners LLC lifted its holdings in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares during the last quarter. Wealth Alliance raised its holdings in CoStar Group by 3.0% in the 4th quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after acquiring an additional 132 shares in the last quarter. Keybank National Association OH raised its holdings in shares of CoStar Group by 0.6% during the 3rd quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after buying an additional 133 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of CoStar Group by 2.8% during the 3rd quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after buying an additional 135 shares in the last quarter. Finally, Certuity LLC raised its holdings in shares of CoStar Group by 4.8% during the 3rd quarter. Certuity LLC now owns 3,257 shares of the technology company’s stock worth $250,000 after buying an additional 149 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSGP. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of CoStar Group in a research report on Friday, April 12th. Robert W. Baird boosted their price objective on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Jefferies Financial Group boosted their price objective on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Citigroup boosted their price objective on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.

CoStar Group Stock Up 8.7 %

Shares of NASDAQ:CSGP opened at $91.95 on Thursday. The company has a market capitalization of $37.55 billion, a price-to-earnings ratio of 125.96, a P/E/G ratio of 9.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The business’s 50-day moving average is $89.40 and its 200-day moving average is $84.64. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 4.97% and a net margin of 11.64%. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that CoStar Group, Inc. will post 0.44 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.