33,900 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, HoldingsChannel.com reports. The firm bought 33,900 shares of the technology company’s stock, valued at approximately $2,513,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in CoStar Group during the first quarter valued at $31,000. Riverview Trust Co purchased a new stake in shares of CoStar Group during the 1st quarter valued at about $35,000. RiverPark Advisors LLC bought a new position in shares of CoStar Group in the 1st quarter worth approximately $37,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of CoStar Group in the second quarter worth approximately $49,000. Finally, Covestor Ltd grew its position in CoStar Group by 43.0% during the first quarter. Covestor Ltd now owns 702 shares of the technology company’s stock valued at $68,000 after buying an additional 211 shares during the period. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Up 0.6 %

CSGP stock opened at $75.44 on Tuesday. 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, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The business has a 50 day simple moving average of $76.29 and a two-hundred day simple moving average of $81.39. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 103.34 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $677.80 million during the quarter, compared to analyst estimates of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. CoStar Group’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. Research analysts anticipate that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSGP. StockNews.com upgraded shares of CoStar Group from a “sell” rating to a “hold” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a report on Tuesday, September 17th. Robert W. Baird cut their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. Finally, Bank of America lowered their price objective on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.