Meeder Asset Management Inc. Sells 21,463 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Meeder Asset Management Inc. reduced its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 69.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,572 shares of the technology company’s stock after selling 21,463 shares during the quarter. Meeder Asset Management Inc.’s holdings in CoStar Group were worth $710,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CSGP. Gilbert & Cook Inc. raised its position in shares of CoStar Group by 14.3% during the 4th quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 1,824 shares during the last quarter. Accretive Wealth Partners LLC grew its stake in shares of CoStar Group by 2.1% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock worth $821,000 after purchasing an additional 192 shares during the period. Private Advisor Group LLC increased its holdings in CoStar Group by 3.4% in the fourth quarter. Private Advisor Group LLC now owns 6,491 shares of the technology company’s stock valued at $567,000 after purchasing an additional 215 shares during the last quarter. Jump Financial LLC lifted its stake in CoStar Group by 20.4% in the fourth quarter. Jump Financial LLC now owns 12,768 shares of the technology company’s stock valued at $1,116,000 after buying an additional 2,159 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in CoStar Group by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,016 shares of the technology company’s stock valued at $115,361,000 after buying an additional 62,928 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. Needham & Company LLC restated a “buy” rating and set a $107.00 price objective on shares of CoStar Group in a report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $96.00 target price on shares of CoStar Group in a report on Tuesday. Bank of America decreased their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Price Performance

CSGP stock opened at $78.87 on Friday. The stock has a 50-day moving average price of $75.92 and a two-hundred day moving average price of $82.29. The stock has a market cap of $32.32 billion, a PE ratio of 108.04, a price-to-earnings-growth ratio of 11.80 and a beta of 0.81. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 1 year low of $67.35 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its 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. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts forecast 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.