Massmutual Trust Co. FSB ADV Has $182,000 Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Massmutual Trust Co. FSB ADV decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 22.7% during the second quarter, HoldingsChannel.com reports. The fund owned 2,461 shares of the technology company’s stock after selling 723 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in CoStar Group were worth $182,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted 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 worth $27,000 after acquiring an additional 173 shares during the period. Crewe Advisors LLC bought a new position in shares of CoStar Group during the 1st quarter worth approximately $31,000. Riverview Trust Co acquired a new stake in CoStar Group during the 1st quarter valued at $35,000. RiverPark Advisors LLC acquired a new stake in CoStar Group during the 1st quarter valued at $37,000. Finally, TFO Wealth Partners LLC increased its holdings in CoStar Group by 5,571.4% during the 4th quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock valued at $350,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a research note on Wednesday, July 24th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. JMP Securities lowered their target price on CoStar Group from $110.00 to $90.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird reduced their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group reduced their price target on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Stock Performance

NASDAQ CSGP traded down $2.57 during trading on Monday, reaching $72.70. 3,682,222 shares of the company’s stock were exchanged, compared to its average volume of 2,328,340. The business has a 50 day moving average price of $75.90 and a 200-day moving average price of $83.82. The stock has a market capitalization of $29.79 billion, a P/E ratio of 101.59, a PEG ratio of 11.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38.

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

Insider Activity

In other news, Director John W. Hill 1,325 shares of the stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.57% of the stock is owned by company insiders.

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.