International Assets Investment Management LLC Purchases Shares of 36,966 CoStar Group, Inc. (NASDAQ:CSGP)

International Assets Investment Management LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,966 shares of the technology company’s stock, valued at approximately $3,230,000.

Other large investors have also modified their holdings of the company. Arizona State Retirement System grew its holdings in CoStar Group by 0.7% in the fourth quarter. Arizona State Retirement System now owns 112,227 shares of the technology company’s stock valued at $9,808,000 after purchasing an additional 770 shares during the period. Venturi Wealth Management LLC lifted its holdings in CoStar Group by 37.8% during the fourth quarter. Venturi Wealth Management LLC now owns 3,473 shares of the technology company’s stock valued at $304,000 after purchasing an additional 953 shares in the last quarter. Baskin Financial Services Inc. lifted its holdings in CoStar Group by 0.9% during the fourth quarter. Baskin Financial Services Inc. now owns 250,186 shares of the technology company’s stock valued at $21,864,000 after purchasing an additional 2,161 shares in the last quarter. Patten & Patten Inc. TN grew its position in shares of CoStar Group by 28.6% in the fourth quarter. Patten & Patten Inc. TN now owns 7,726 shares of the technology company’s stock valued at $675,000 after purchasing an additional 1,718 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of CoStar Group by 6.7% during the fourth quarter. State of Michigan Retirement System now owns 119,400 shares of the technology company’s stock worth $10,434,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BTIG Research assumed coverage on CoStar Group in a report on Friday, January 19th. They issued a “neutral” rating on the stock. BMO Capital Markets lowered 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 report on Thursday, February 22nd. Robert W. Baird upped their target price on CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. The Goldman Sachs Group raised their target price on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of CoStar Group in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $100.08.

CoStar Group Price Performance

CSGP stock opened at $85.46 on Thursday. The business’s fifty day moving average price is $89.03 and its 200 day moving average price is $84.34. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a market capitalization of $34.90 billion, a PE ratio of 92.89, a P/E/G ratio of 10.06 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13.

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