Valeo Financial Advisors LLC Makes New $212,000 Investment in CoStar Group, Inc. (NASDAQ:CSGP)

Valeo Financial Advisors LLC acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,421 shares of the technology company’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sapient Capital LLC bought a new position in CoStar Group during the 4th quarter worth $1,574,000. Cerity Partners LLC bought a new position in shares of CoStar Group in the 4th quarter valued at $291,000. Sequoia Financial Advisors LLC increased its stake in shares of CoStar Group by 143.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,519 shares of the technology company’s stock valued at $1,094,000 after purchasing an additional 7,373 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group in the 4th quarter valued at $37,000. Finally, HBK Sorce Advisory LLC increased its stake in shares of CoStar Group by 6.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 5,313 shares of the technology company’s stock valued at $464,000 after purchasing an additional 335 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 1.4 %

Shares of NASDAQ:CSGP opened at $86.29 on Wednesday. The company has a market capitalization of $35.24 billion, a price-to-earnings ratio of 93.79, a P/E/G ratio of 10.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The business’s 50-day moving average is $89.02 and its 200-day moving average is $84.34. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Equities research analysts predict that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSGP. Bank of America lifted their price target on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Citigroup lifted their price target on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. BMO Capital Markets decreased their price target on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, BTIG Research assumed coverage on CoStar Group in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $100.08.

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.