Kentucky Retirement Systems Sells 1,661 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Kentucky Retirement Systems trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,012 shares of the technology company’s stock after selling 1,661 shares during the quarter. Kentucky Retirement Systems’ holdings in CoStar Group were worth $2,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. increased its holdings 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 acquiring an additional 173 shares during the period. Crewe Advisors LLC acquired a new stake in CoStar Group during the 1st quarter worth about $31,000. Riverview Trust Co purchased a new stake in shares of CoStar Group in the first quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of CoStar Group in the fourth quarter worth about $37,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of CoStar Group in the first quarter worth about $37,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSGP shares. BMO Capital Markets upped their price target on CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price target on shares of CoStar Group in a report on Wednesday, July 24th. Stephens restated an “overweight” rating and issued a $105.00 price target on shares of CoStar Group in a research report on Wednesday, April 24th. The Goldman Sachs Group dropped their price target on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, JMP Securities dropped their price target on CoStar Group from $110.00 to $90.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.08.

CoStar Group Stock Down 0.2 %

CoStar Group stock traded down $0.13 during midday trading on Monday, reaching $78.38. The company’s stock had a trading volume of 432,595 shares, compared to its average volume of 2,312,825. The business has a 50-day simple moving average of $76.81 and a 200-day simple moving average of $84.00. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a market cap of $32.12 billion, a P/E ratio of 107.55, a P/E/G ratio of 11.66 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm had revenue of $677.80 million for the quarter, compared to analyst estimates of $677.18 million. During the same quarter last year, the company posted $0.27 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. On average, research analysts expect that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

CoStar Group Company 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.