CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in CoStar Group, Inc. (NASDAQ:CSGP) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,914 shares of the technology company’s stock after buying an additional 2,966 shares during the quarter. D.A. Davidson & CO.’s holdings in CoStar Group were worth $2,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CSGP. Ashton Thomas Securities LLC bought a new position in shares of CoStar Group during the 3rd quarter valued at about $40,000. Industrial Alliance Investment Management Inc. bought a new stake in CoStar Group during the second quarter worth approximately $49,000. Quarry LP acquired a new position in CoStar Group in the second quarter worth approximately $54,000. Rothschild Investment LLC bought a new position in shares of CoStar Group in the second quarter valued at $73,000. Finally, Blue Trust Inc. increased its holdings in shares of CoStar Group by 493.4% in the second quarter. Blue Trust Inc. now owns 1,080 shares of the technology company’s stock valued at $80,000 after buying an additional 898 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $81.34 on Friday. The firm has a market cap of $33.35 billion, a price-to-earnings ratio of 184.86 and a beta of 0.82. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $75.86 and a 200 day simple moving average of $76.66.

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

Insider Activity at CoStar Group

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut CoStar Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock 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. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a report on Tuesday, November 19th. BMO Capital Markets cut their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus 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.