Verdence Capital Advisors LLC Buys 238 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Verdence Capital Advisors LLC grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,318 shares of the technology company’s stock after acquiring an additional 238 shares during the quarter. Verdence Capital Advisors LLC’s holdings in CoStar Group were worth $640,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 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. Pinnacle Bancorp Inc. acquired a new stake in shares of CoStar Group in the 4th quarter valued at $37,000. CVA Family Office LLC acquired a new stake in shares of CoStar Group in the 4th quarter valued at $60,000. KB Financial Partners LLC increased its stake in shares of CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of CoStar Group by 78.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock worth $107,000 after buying an additional 540 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Trading Up 1.2 %

Shares of CSGP stock opened at $85.31 on Tuesday. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. 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 stock has a market cap of $34.84 billion, a price-to-earnings ratio of 92.73, a PEG ratio of 9.69 and a beta of 0.84. The stock has a 50-day moving average of $89.15 and a 200-day moving average of $84.56.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC reduced their price objective on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Robert W. Baird raised their price target on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Royal Bank of Canada lifted their price target on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, March 25th. BTIG Research started coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group raised their target price on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average price target of $100.50.

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.