Monumental Financial Group Inc. Grows Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Monumental Financial Group Inc. lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,890 shares of the technology company’s stock after acquiring an additional 326 shares during the quarter. Monumental Financial Group Inc.’s holdings in CoStar Group were worth $1,126,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CSGP. Blue Trust Inc. increased its holdings in CoStar Group by 125.4% in 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 fourth quarter valued at about $37,000. CVA Family Office LLC purchased a new stake in shares of CoStar Group during the fourth quarter worth about $60,000. KB Financial Partners LLC raised its position in shares of 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. Finally, Lindbrook Capital LLC lifted its stake in CoStar Group by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock valued at $107,000 after buying an additional 540 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CSGP shares. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a research note on Friday, April 12th. Robert W. Baird raised their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. BTIG Research assumed coverage on shares of CoStar Group in a research note on Friday, January 19th. They set a “neutral” rating for the company. Jefferies Financial Group increased their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 12th. Finally, BMO Capital Markets boosted their target price on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday. Four research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Stock Up 2.6 %

CSGP traded up $2.31 during trading hours on Friday, hitting $92.65. 2,234,096 shares of the company’s stock were exchanged, compared to its average volume of 2,004,094. The firm has a market cap of $37.83 billion, a P/E ratio of 126.92, a price-to-earnings-growth ratio of 10.86 and a beta of 0.84. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a current ratio of 9.09, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $89.77 and a 200 day moving average of $84.80.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a return on equity of 4.95% 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 quarter in the prior year, the business earned $0.35 EPS. CoStar Group’s revenue was up 11.7% on a year-over-year basis. Analysts predict that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

About CoStar Group

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.