Raymond James & Associates Has $59.61 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Raymond James & Associates decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 617,113 shares of the technology company’s stock after selling 9,908 shares during the quarter. Raymond James & Associates owned about 0.15% of CoStar Group worth $59,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares in the last quarter. Riverview Trust Co acquired a new stake in CoStar Group in the 1st quarter valued at $35,000. Pinnacle Bancorp Inc. bought a new stake in CoStar Group during the 4th quarter valued at $37,000. Connectus Wealth LLC increased its stake in CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after purchasing an additional 467,534 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of CoStar Group in the fourth quarter valued at $60,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP traded up $1.47 during mid-day trading on Friday, hitting $91.23. The stock had a trading volume of 1,244,624 shares, compared to its average volume of 2,229,142. The business has a fifty day moving average price of $90.60 and a 200-day moving average price of $85.10. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The firm has a market cap of $37.25 billion, a P/E ratio of 124.97, a PEG ratio of 10.05 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, equities research analysts expect that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the sale, the insider now directly owns 64,087 shares in the company, valued at approximately $5,938,942.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the transaction, the insider now directly owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Needham & Company LLC lifted their target price on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price objective on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their target price on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Finally, BTIG Research initiated coverage on shares of CoStar Group in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average target price of $102.46.

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.