CoStar Group, Inc. (NASDAQ:CSGP) CEO Purchases $1,099,963.77 in Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew C. Florance bought 14,731 shares of CoStar Group stock in a transaction on Friday, October 25th. The shares were acquired at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

CoStar Group Trading Up 0.3 %

Shares of NASDAQ:CSGP opened at $73.46 on Thursday. The company’s 50-day moving average price is $76.37 and its two-hundred day moving average price is $78.54. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The stock has a market capitalization of $30.12 billion, a PE ratio of 166.96 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. CoStar Group’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its position in CoStar Group by 25.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,024 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 3,008 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of CoStar Group during the 1st quarter worth about $206,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of CoStar Group by 1.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,675 shares of the technology company’s stock valued at $100,046,000 after purchasing an additional 17,658 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in CoStar Group by 0.5% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 97,214 shares of the technology company’s stock valued at $9,391,000 after purchasing an additional 512 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in CoStar Group in the 1st quarter valued at about $1,504,000. Institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of research analyst reports. Citigroup dropped their price target on CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Bank of America dropped their target price on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada cut shares of CoStar Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $96.00 to $83.00 in a report on Wednesday, October 23rd. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. Finally, Robert W. Baird cut their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

CoStar Group Company 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.