Main Street Financial Solutions LLC Invests $329,000 in CoStar Group, Inc. (NASDAQ:CSGP)

Main Street Financial Solutions LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,439 shares of the technology company’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSGP. Gilbert & Cook Inc. grew 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 worth $1,273,000 after buying an additional 1,824 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in CoStar Group by 2.1% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock valued at $821,000 after purchasing an additional 192 shares in the last quarter. Private Advisor Group LLC boosted its position in CoStar Group by 3.4% during 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 in the last quarter. Jump Financial LLC boosted its position in CoStar Group by 20.4% during the fourth quarter. Jump Financial LLC now owns 12,768 shares of the technology company’s stock valued at $1,116,000 after purchasing an additional 2,159 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in CoStar Group by 5.0% during 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 purchasing an additional 62,928 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Robert W. Baird decreased their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Trading Up 1.2 %

Shares of NASDAQ:CSGP opened at $78.87 on Friday. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 108.04, a PEG ratio of 11.80 and a beta of 0.81. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $75.92 and a 200-day moving average price of $82.29.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. During the same period last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that CoStar Group, Inc. will post 0.49 EPS 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.