CoStar Group, Inc. (NASDAQ:CSGP) VP Matthew Linnington sold 1,767 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CoStar Group, Inc. (CSGP) opened at 279.88 on Friday. The firm has a 50-day moving average price of $273.07 and a 200-day moving average price of $236.82. CoStar Group, Inc. has a 52 week low of $179.22 and a 52 week high of $284.66. The stock has a market cap of $9.19 billion, a PE ratio of 93.95 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.63 by $0.23. The company had revenue of $237.20 million during the quarter, compared to analyst estimates of $234.38 million. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, analysts forecast that CoStar Group, Inc. will post $4.49 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on CSGP shares. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a report on Friday, June 16th. B. Riley reaffirmed a “buy” rating and issued a $275.00 price target on shares of CoStar Group in a report on Wednesday, May 3rd. Needham & Company LLC upped their price target on CoStar Group from $235.00 to $275.00 and gave the company a “buy” rating in a report on Friday, April 28th. SunTrust Banks, Inc. upped their price target on CoStar Group from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 5th. Finally, BidaskClub cut CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. CoStar Group presently has a consensus rating of “Buy” and an average target price of $309.50.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its position in shares of CoStar Group by 56.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,560 shares of the technology company’s stock valued at $860,000 after buying an additional 1,640 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of CoStar Group during the first quarter valued at about $1,160,000. Legal & General Group Plc increased its stake in shares of CoStar Group by 46.5% in the first quarter. Legal & General Group Plc now owns 30,209 shares of the technology company’s stock valued at $6,260,000 after buying an additional 9,589 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of CoStar Group by 275.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,797 shares of the technology company’s stock valued at $580,000 after buying an additional 2,053 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of CoStar Group by 155.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,328 shares of the technology company’s stock valued at $12,125,000 after buying an additional 39,105 shares during the period.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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