CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,114,971 shares of the technology company’s stock after selling 127,867 shares during the quarter. Federated Hermes Inc.’s holdings in CoStar Group were worth $184,827,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CSGP. KB Financial Partners LLC lifted its holdings in shares of CoStar Group by 17.9% in the third 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 in the last quarter. Wealth Alliance grew its holdings in CoStar Group by 3.0% during the 4th quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock valued at $397,000 after purchasing an additional 132 shares in the last quarter. Keybank National Association OH lifted its position in shares of CoStar Group by 0.6% during the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after purchasing an additional 133 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in CoStar Group by 2.8% during the third quarter. HBK Sorce Advisory LLC now owns 4,978 shares of the technology company’s stock worth $383,000 after acquiring an additional 135 shares during the period. Finally, Creative Planning raised its stake in CoStar Group by 0.8% during the third quarter. Creative Planning now owns 18,061 shares of the technology company’s stock worth $1,389,000 after acquiring an additional 138 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CSGP shares. BMO Capital Markets dropped their price target on shares of CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. Bank of America raised their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Needham & Company LLC dropped their price target on shares of 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.08.

CoStar Group Trading Up 0.1 %

CoStar Group stock traded up $0.06 during midday trading on Thursday, reaching $85.52. The stock had a trading volume of 264,143 shares, compared to its average volume of 2,113,746. The firm’s fifty day simple moving average is $89.03 and its two-hundred day simple moving average is $84.34. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 92.89, a PEG ratio of 9.92 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that CoStar Group, Inc. will post 0.44 EPS for the current fiscal year.

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.