V Square Quantitative Management LLC Raises Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

V Square Quantitative Management LLC increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,207 shares of the technology company’s stock after buying an additional 432 shares during the quarter. V Square Quantitative Management LLC’s holdings in CoStar Group were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CSGP. Crewe Advisors LLC purchased a new position in CoStar Group during the 1st quarter valued at $31,000. Riverview Trust Co bought a new position in CoStar Group in the 1st quarter worth about $35,000. RiverPark Advisors LLC bought a new position in CoStar Group in the 1st quarter worth about $37,000. Industrial Alliance Investment Management Inc. bought a new position in CoStar Group in the 2nd quarter worth about $49,000. Finally, Quarry LP bought a new position in CoStar Group in the 2nd quarter worth about $54,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSGP has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. Robert W. Baird lowered their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a research note on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Trading Up 1.2 %

CSGP stock opened at $79.25 on Monday. The firm has a fifty day moving average price of $76.29 and a 200 day moving average price of $79.47. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. The firm has a market cap of $32.36 billion, a PE ratio of 108.56 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Sell-side analysts anticipate that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal 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.