Quantum Capital Management LLC NJ trimmed its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 45.7% in the 4th quarter, HoldingsChannel reports. The firm owned 218,583 shares of the technology company’s stock after selling 184,312 shares during the quarter. CoStar Group makes up about 1.7% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 16th biggest position. Quantum Capital Management LLC NJ’s holdings in CoStar Group were worth $14,698,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group during the fourth quarter valued at $29,000. IFP Advisors Inc lifted its holdings in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after purchasing an additional 471 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CoStar Group by 25,650.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after purchasing an additional 166 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.
CoStar Group Stock Up 0.6%
NASDAQ:CSGP opened at $32.84 on Friday. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 547.42, a PEG ratio of 0.84 and a beta of 0.72. CoStar Group, Inc. has a 1-year low of $31.35 and a 1-year high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $35.33 and its 200 day moving average price is $49.22.
Insiders Place Their Bets
In other news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on CSGP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Citigroup dropped their price target on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, February 20th. BMO Capital Markets dropped their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.33.
Get Our Latest Analysis on CoStar Group
About CoStar Group
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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