Guidance Capital Inc. Buys New Position in CoStar Group, Inc. (NASDAQ:CSGP)

Guidance Capital Inc. purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,985 shares of the technology company’s stock, valued at approximately $889,000.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in CoStar Group during the 2nd quarter worth approximately $2,096,000. Handelsbanken Fonder AB lifted its stake in shares of CoStar Group by 2.2% during the third quarter. Handelsbanken Fonder AB now owns 113,696 shares of the technology company’s stock worth $8,577,000 after buying an additional 2,414 shares during the period. Czech National Bank grew its holdings in shares of CoStar Group by 7.3% during the third quarter. Czech National Bank now owns 83,484 shares of the technology company’s stock valued at $6,298,000 after buying an additional 5,671 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CoStar Group by 90.5% in the 3rd quarter. GAMMA Investing LLC now owns 4,583 shares of the technology company’s stock valued at $346,000 after acquiring an additional 2,177 shares during the period. Finally, Diversified Trust Co lifted its position in CoStar Group by 27.8% during the 3rd quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock worth $263,000 after acquiring an additional 758 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the sale, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. StockNews.com lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. BMO Capital Markets reduced their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $92.33.

CoStar Group Stock Up 0.9 %

CoStar Group stock opened at $77.46 on Wednesday. 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 $31.76 billion, a PE ratio of 176.05 and a beta of 0.87. The business has a 50 day simple moving average of $74.60 and a 200-day simple moving average of $75.42. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38.

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.