CoStar Group, Inc. (NASDAQ:CSGP) Insider Sells $63,140.00 in Stock

CoStar Group, Inc. (NASDAQ:CSGPGet Rating) insider Michael J. Desmarais sold 1,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $63.14, for a total transaction of $63,140.00. Following the completion of the transaction, the insider now directly owns 41,619 shares in the company, valued at $2,627,823.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CoStar Group stock opened at $64.60 on Thursday. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of 81.77 and a beta of 0.90. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 0.17. CoStar Group, Inc. has a 12-month low of $49.00 and a 12-month high of $101.05. The firm’s 50-day moving average price is $62.66 and its two-hundred day moving average price is $72.27.

CoStar Group (NASDAQ:CSGPGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 15.37% and a return on equity of 7.25%. During the same quarter in the prior year, the business earned $0.25 EPS. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.86 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Nova Scotia acquired a new stake in shares of CoStar Group in the 3rd quarter valued at approximately $34,378,000. AGF Investments Inc. boosted its stake in shares of CoStar Group by 209.2% in the 4th quarter. AGF Investments Inc. now owns 13,743 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 9,298 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of CoStar Group by 5.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 83,445 shares of the technology company’s stock valued at $7,176,000 after purchasing an additional 4,605 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of CoStar Group by 7.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 45,924 shares of the technology company’s stock valued at $3,952,000 after purchasing an additional 3,284 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of CoStar Group in the 4th quarter valued at approximately $3,348,000. Institutional investors own 94.52% of the company’s stock.

CSGP has been the topic of several research reports. StockNews.com initiated coverage on shares of CoStar Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, February 23rd. Truist Financial decreased their price target on shares of CoStar Group from $110.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Needham & Company LLC upped their price target on shares of CoStar Group from $70.00 to $77.00 in a research note on Wednesday, April 27th. Finally, JMP Securities decreased their price target on shares of CoStar Group from $105.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $80.11.

CoStar Group Company Profile (Get Rating)

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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.

Featured Stories

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.