Praxis Investment Management Inc. Decreases Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Praxis Investment Management Inc. lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,390 shares of the technology company’s stock after selling 1,930 shares during the period. Praxis Investment Management Inc.’s holdings in CoStar Group were worth $982,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CSGP. Hopwood Financial Services Inc. purchased a new position in shares of CoStar Group during the fourth quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in shares of CoStar Group during the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after purchasing an additional 402 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of CoStar Group during the fourth quarter worth $40,000. Finally, Private Trust Co. NA raised its holdings in shares of CoStar Group by 969.5% during the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company’s stock worth $45,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 0.1%

CSGP opened at $79.65 on Friday. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $83.68. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $77.77 and a 200-day simple moving average of $76.34. The firm has a market cap of $33.60 billion, a P/E ratio of 274.66, a P/E/G ratio of 4.01 and a beta of 0.87.

Analyst Ratings Changes

Several research analysts recently issued reports on CSGP shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoStar Group in a report on Friday, February 28th. They set a “buy” rating and a $89.00 target price for the company. William Blair initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “market perform” rating on the stock. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They set a “neutral” rating and a $79.00 target price for the company. Craig Hallum started coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group began coverage on CoStar Group in a research note on Friday, February 28th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.69.

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.