Telemus Capital LLC Has $638,000 Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Telemus Capital LLC trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,304 shares of the technology company’s stock after selling 1,159 shares during the quarter. Telemus Capital LLC’s holdings in CoStar Group were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSGP. Principal Financial Group Inc. lifted its stake in shares of CoStar Group by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock valued at $1,523,061,000 after purchasing an additional 761,383 shares during the period. Wellington Management Group LLP lifted its stake 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 purchasing an additional 662,592 shares during the period. FMR LLC lifted its stake in shares of CoStar Group by 83.2% in the 3rd quarter. FMR LLC now owns 1,405,414 shares of the technology company’s stock valued at $108,062,000 after purchasing an additional 638,241 shares during the period. Massachusetts Financial Services Co. MA raised its stake in CoStar Group by 5.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock worth $920,146,000 after buying an additional 596,595 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in CoStar Group by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,775,814 shares of the technology company’s stock worth $136,542,000 after buying an additional 352,169 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BTIG Research assumed coverage on CoStar Group in a research note on Friday, January 19th. They set a “neutral” rating on the stock. Needham & Company LLC dropped their price target on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Jefferies Financial Group upped their price target on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their target price on CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $100.50.

CoStar Group Stock Up 1.2 %

CSGP stock opened at $85.31 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The business’s 50 day moving average price is $89.15 and its two-hundred day moving average price is $84.56. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 92.73, a price-to-earnings-growth ratio of 9.69 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. As a group, analysts forecast that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal 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.