Pin Oak Investment Advisors Inc. Takes $33,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

Pin Oak Investment Advisors Inc. bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 418 shares of the technology company’s stock, valued at approximately $33,000.

Several other large investors also recently modified their holdings of the business. Solidarity Wealth LLC grew its stake in shares of CoStar Group by 82.5% during the first quarter. Solidarity Wealth LLC now owns 69,207 shares of the technology company’s stock valued at $5,483,000 after acquiring an additional 31,290 shares in the last quarter. Norden Group LLC lifted its holdings in CoStar Group by 1.3% in the first quarter. Norden Group LLC now owns 15,557 shares of the technology company’s stock worth $1,233,000 after acquiring an additional 194 shares during the last quarter. LPL Financial LLC lifted its holdings in CoStar Group by 3.2% in the first quarter. LPL Financial LLC now owns 446,550 shares of the technology company’s stock worth $35,380,000 after acquiring an additional 13,781 shares during the last quarter. Accretive Wealth Partners LLC lifted its holdings in CoStar Group by 16.1% in the first quarter. Accretive Wealth Partners LLC now owns 11,266 shares of the technology company’s stock worth $840,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in CoStar Group by 5.2% in the first quarter. Empirical Finance LLC now owns 8,262 shares of the technology company’s stock worth $655,000 after acquiring an additional 406 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Price Performance

NASDAQ CSGP opened at $92.97 on Monday. The stock has a market capitalization of $39.39 billion, a P/E ratio of 371.88, a P/E/G ratio of 4.53 and a beta of 0.89. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $93.75. The business’s fifty day moving average is $80.76 and its two-hundred day moving average is $78.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million for the quarter, compared to analysts’ expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent research reports. Citigroup raised their target price on shares of CoStar Group from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC raised their target price on shares of CoStar Group from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. BMO Capital Markets lifted their price target on CoStar Group from $82.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $93.25.

CoStar Group 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.