Cerity Partners LLC Acquires Shares of 3,326 CoStar Group, Inc. (NASDAQ:CSGP)

Cerity Partners LLC acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,326 shares of the technology company’s stock, valued at approximately $291,000.

A number of other institutional investors have also recently bought and sold shares of CSGP. Deutsche Bank AG raised its position in shares of CoStar Group by 37.1% in the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after buying an additional 200,183 shares in the last quarter. Wellington Management Group LLP raised its position in shares of CoStar Group by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock valued at $275,308,000 after buying an additional 662,592 shares in the last quarter. LPL Financial LLC raised its position in shares of CoStar Group by 16.8% in the 3rd quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock valued at $6,657,000 after buying an additional 12,422 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of CoStar Group by 6.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock valued at $351,000 after buying an additional 260 shares in the last quarter. Finally, Fred Alger Management LLC raised its position in shares of CoStar Group by 9.0% in the 3rd quarter. Fred Alger Management LLC now owns 439,295 shares of the technology company’s stock valued at $33,777,000 after buying an additional 36,091 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CSGP. Robert W. Baird boosted their target price on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods upped their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets upped their price objective 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. Citigroup upped their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of CoStar Group in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Trading Up 2.6 %

NASDAQ:CSGP opened at $92.65 on Friday. The firm’s fifty day moving average is $89.77 and its 200-day moving average is $84.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The firm has a market cap of $37.83 billion, a P/E ratio of 126.92, a P/E/G ratio of 10.59 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts expect that CoStar Group, Inc. will post 0.43 earnings per share for the current year.

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.