Public Employees Retirement Association of Colorado Sells 2,735 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Public Employees Retirement Association of Colorado decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 43,695 shares of the technology company’s stock after selling 2,735 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CoStar Group were worth $4,221,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of CoStar Group by 125.4% during 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 in the last quarter. Crewe Advisors LLC acquired a new position in shares of CoStar Group during the first quarter worth approximately $31,000. Riverview Trust Co acquired a new position in shares of CoStar Group during the first quarter worth approximately $35,000. Pinnacle Bancorp Inc. acquired a new position in shares of CoStar Group during the fourth quarter worth approximately $37,000. Finally, RiverPark Advisors LLC acquired a new position in shares of CoStar Group during the first quarter worth approximately $37,000. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Bank of America dropped their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $107.00 price target on shares of CoStar Group in a research note on Wednesday, July 24th. Robert W. Baird dropped their price target on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group lowered their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.08.

CoStar Group Stock Performance

CSGP stock traded down $0.12 during trading hours on Monday, reaching $78.39. The stock had a trading volume of 966,915 shares, compared to its average volume of 2,316,536. The stock has a market capitalization of $32.13 billion, a PE ratio of 107.55, a price-to-earnings-growth ratio of 11.66 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. The stock has a 50-day simple moving average of $76.81 and a 200 day simple moving average of $84.00. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. Analysts predict that CoStar Group, Inc. will post 0.49 EPS for the current fiscal 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.