CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,370 shares of the technology company’s stock after selling 570 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in CoStar Group were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC increased its stake in CoStar Group by 4.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after buying an additional 112 shares during the period. Picton Mahoney Asset Management increased its stake in CoStar Group by 2.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock worth $352,000 after buying an additional 135 shares during the period. Bleakley Financial Group LLC increased its stake in CoStar Group by 1.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock worth $652,000 after buying an additional 138 shares during the period. Redmond Asset Management LLC increased its stake in CoStar Group by 0.9% during the 1st quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company’s stock worth $1,804,000 after buying an additional 169 shares during the period. Finally, S.E.E.D. Planning Group LLC increased its stake in CoStar Group by 0.5% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 36,255 shares of the technology company’s stock worth $2,688,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ CSGP traded up $0.57 during midday trading on Friday, hitting $74.48. The company’s stock had a trading volume of 4,795,674 shares, compared to its average volume of 2,351,629. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $100.38. The firm’s fifty day moving average price is $76.46 and its 200-day moving average price is $78.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27. The firm has a market cap of $30.52 billion, a P/E ratio of 169.28 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.54%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday. Needham & Company LLC dropped their target price on shares of CoStar Group from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods dropped their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.25.

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.