GSA Capital Partners LLP Takes $230,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

GSA Capital Partners LLP bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the third quarter, HoldingsChannel.com reports. The firm bought 3,050 shares of the technology company’s stock, valued at approximately $230,000.

Several other institutional investors have also recently bought and sold shares of CSGP. Ascent Group LLC grew its position in CoStar Group by 4.2% during the 1st quarter. Ascent Group LLC now owns 6,207 shares of the technology company’s stock worth $600,000 after acquiring an additional 253 shares during the last quarter. Center Lake Capital Management LLC bought a new position in CoStar Group in the 1st quarter valued at approximately $966,000. Dynasty Wealth Management LLC bought a new position in CoStar Group in the 1st quarter valued at approximately $327,000. B. Riley Wealth Advisors Inc. boosted its position in CoStar Group by 49.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,087 shares of the technology company’s stock worth $491,000 after buying an additional 1,673 shares during the period. Finally, California State Teachers Retirement System grew its holdings in CoStar Group by 1.0% during the 1st quarter. California State Teachers Retirement System now owns 656,559 shares of the technology company’s stock worth $63,424,000 after acquiring an additional 6,381 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of CoStar Group in a report on Tuesday, November 19th. Royal Bank of Canada lowered 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 research report on Wednesday, October 23rd. BMO Capital Markets lowered their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. JMP Securities reissued a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Friday, September 6th. Finally, StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance acquired 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the acquisition, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. The trade was a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

CoStar Group Trading Up 3.6 %

Shares of CoStar Group stock opened at $79.81 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The stock has a 50 day moving average price of $75.49 and a two-hundred day moving average price of $76.79. The stock has a market capitalization of $32.72 billion, a PE ratio of 181.39 and a beta of 0.82.

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

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.