Matthew Linnington Sells 1,767 Shares of CoStar Group, Inc. (CSGP) Stock

CoStar Group, Inc. (NASDAQ:CSGP) VP Matthew Linnington sold 1,767 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of CoStar Group, Inc. (CSGP) traded down 0.68% on Friday, hitting $278.96. 100,190 shares of the stock were exchanged. CoStar Group, Inc. has a one year low of $179.22 and a one year high of $286.00. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 93.64 and a beta of 1.51. The firm’s 50 day moving average price is $275.67 and its 200 day moving average price is $239.64.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The company had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. During the same period in the previous year, the firm earned $0.91 EPS. CoStar Group’s revenue was up 14.6% on a year-over-year basis. Equities analysts anticipate that CoStar Group, Inc. will post $4.49 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in CSGP. Vanguard Group Inc. increased its stake in CoStar Group by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock worth $694,173,000 after buying an additional 79,521 shares during the period. Janus Henderson Group PLC increased its stake in CoStar Group by 2,015.2% in the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after buying an additional 2,493,281 shares during the period. Wellington Management Group LLP increased its stake in CoStar Group by 37.2% in the first quarter. Wellington Management Group LLP now owns 1,859,435 shares of the technology company’s stock worth $385,312,000 after buying an additional 503,903 shares during the period. William Blair Investment Management LLC increased its stake in CoStar Group by 0.7% in the first quarter. William Blair Investment Management LLC now owns 1,621,963 shares of the technology company’s stock worth $336,103,000 after buying an additional 10,560 shares during the period. Finally, BlackRock Inc. increased its stake in CoStar Group by 0.5% in the second quarter. BlackRock Inc. now owns 1,554,466 shares of the technology company’s stock worth $409,755,000 after buying an additional 7,555 shares during the period. Institutional investors own 99.66% of the company’s stock.

A number of equities research analysts have recently commented on CSGP shares. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a report on Tuesday, May 2nd. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Needham & Company LLC boosted their price target on shares of CoStar Group from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Stephens reiterated an “overweight” rating and set a $275.00 price target (up from $260.00) on shares of CoStar Group in a research note on Monday, June 19th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $313.67.

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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