Assenagon Asset Management S.A. Reduces Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Assenagon Asset Management S.A. reduced its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 98.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,950 shares of the technology company’s stock after selling 393,416 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CoStar Group were worth $630,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in CoStar Group during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the 4th quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after acquiring an additional 402 shares during the period. Centricity Wealth Management LLC acquired a new position in CoStar Group during the 4th quarter worth $40,000. Finally, Private Trust Co. NA lifted its holdings in shares of CoStar Group by 969.5% in the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company’s stock valued at $45,000 after buying an additional 572 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Price Performance

Shares of CSGP stock opened at $79.57 on Thursday. The stock has a 50 day moving average of $77.64 and a two-hundred day moving average of $76.37. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68. The company has a market capitalization of $33.57 billion, a P/E ratio of 274.38, a P/E/G ratio of 4.02 and a beta of 0.87.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on CoStar Group from $87.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Piper Sandler initiated coverage on CoStar Group in a research report on Friday, February 28th. They issued an “overweight” rating on the stock. Finally, Citigroup decreased their price target on CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.69.

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.