Harbor Advisors LLC Purchases 7,000 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Harbor Advisors LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 69.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,060 shares of the technology company’s stock after acquiring an additional 7,000 shares during the period. Harbor Advisors LLC’s holdings in CoStar Group were worth $1,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of CoStar Group in the 4th quarter valued at about $37,000. CVA Family Office LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at about $60,000. KB Financial Partners LLC grew its position in shares of CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after buying an additional 124 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of 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 during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CSGP. BMO Capital Markets upped their price target on CoStar Group from $79.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday. Bank of America upped their target price on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup upped their target price on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group upped their target price on CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada upped their target price on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.50.

CoStar Group Stock Down 0.8 %

CSGP stock traded down $0.69 during trading on Tuesday, reaching $84.62. 3,017,927 shares of the stock were exchanged, compared to its average volume of 2,161,423. The firm’s 50 day moving average is $89.15 and its 200 day moving average is $84.56. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $34.56 billion, a P/E ratio of 92.60, a price-to-earnings-growth ratio of 9.69 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, research analysts forecast that CoStar Group, Inc. will post 0.44 EPS for the current 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.