Bares Capital Management Inc. Has $144.66 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Bares Capital Management Inc. lowered its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,101,058 shares of the technology company’s stock after selling 57,390 shares during the quarter. CoStar Group accounts for about 5.1% of Bares Capital Management Inc.’s portfolio, making the stock its 9th largest position. Bares Capital Management Inc. owned about 0.51% of CoStar Group worth $144,658,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CSGP. Catalyst Capital Advisors LLC purchased a new position in shares of CoStar Group during the 4th quarter worth about $25,000. Quarry LP boosted its stake in shares of CoStar Group by 75.5% during the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CoStar Group during the 1st quarter worth about $27,000. Global Retirement Partners LLC boosted its stake in shares of CoStar Group by 355.6% during the 1st quarter. Global Retirement Partners LLC now owns 410 shares of the technology company’s stock worth $30,000 after purchasing an additional 320 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of CoStar Group during the 4th quarter worth about $30,000. Institutional investors own 96.53% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price objective on shares of CoStar Group from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Royal Bank of Canada lifted their price objective on shares of CoStar Group from $85.00 to $95.00 in a report on Thursday, July 6th. Bank of America decreased their price objective on shares of CoStar Group from $104.00 to $101.00 in a report on Wednesday, July 26th. StockNews.com assumed coverage on shares of CoStar Group in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Robert W. Baird reduced their price target on shares of CoStar Group from $100.00 to $98.00 in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

CoStar Group Trading Down 0.2 %

NASDAQ CSGP opened at $82.41 on Tuesday. The company has a quick ratio of 12.30, a current ratio of 12.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $33.65 billion, a PE ratio of 86.75, a price-to-earnings-growth ratio of 3.84 and a beta of 0.89. The company has a 50 day moving average price of $83.95 and a 200 day moving average price of $78.09. CoStar Group, Inc. has a 52 week low of $65.12 and a 52 week high of $92.36.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $605.91 million during the quarter, compared to analyst estimates of $607.49 million. CoStar Group had a net margin of 16.56% and a return on equity of 6.61%. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other CoStar Group news, VP Lisa Ruggles sold 30,474 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $91.42, for a total transaction of $2,785,933.08. Following the sale, the vice president now owns 156,208 shares of the company’s stock, valued at approximately $14,280,535.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Scott T. Wheeler sold 21,530 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $89.30, for a total value of $1,922,629.00. Following the sale, the chief financial officer now directly owns 324,714 shares of the company’s stock, valued at approximately $28,996,960.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lisa Ruggles sold 30,474 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $91.42, for a total transaction of $2,785,933.08. Following the completion of the sale, the vice president now directly owns 156,208 shares in the company, valued at $14,280,535.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,804 shares of company stock valued at $13,113,112. Insiders own 1.58% of the company’s stock.

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.