Parkside Financial Bank & Trust Buys 688 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Parkside Financial Bank & Trust raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,324 shares of the technology company’s stock after buying an additional 688 shares during the quarter. Parkside Financial Bank & Trust’s holdings in CoStar Group were worth $310,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC lifted its stake in CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after buying an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group in the fourth quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after buying an additional 513 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in CoStar Group in the third quarter valued at approximately $40,000. Finally, Centricity Wealth Management LLC bought a new position in CoStar Group in the fourth quarter valued at approximately $40,000. Institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CSGP shares. Piper Sandler started coverage on shares of CoStar Group in a research report on Friday. They issued an “overweight” rating on the stock. The Goldman Sachs Group started coverage on shares of CoStar Group in a research report on Friday. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of CoStar Group in a research report on Friday. They issued a “buy” rating and a $89.00 price objective on the stock. Craig Hallum started coverage on shares of CoStar Group in a research report on Friday. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company cut their price objective on shares of CoStar Group from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.07.

CoStar Group Price Performance

NASDAQ:CSGP opened at $76.25 on Friday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a market cap of $31.27 billion, a P/E ratio of 217.86 and a beta of 0.87. The firm’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $75.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The firm had revenue of $709.40 million for the quarter, compared to the consensus estimate of $703.00 million. Equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its board has approved a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.