Cetera Advisor Networks LLC Acquires 2,032 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Cetera Advisor Networks LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,266 shares of the technology company’s stock after buying an additional 2,032 shares during the quarter. Cetera Advisor Networks LLC’s holdings in CoStar Group were worth $6,665,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSGP. Blue Trust Inc. grew its position in CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the period. Pinnacle Bancorp Inc. bought a new stake in CoStar Group during the fourth quarter valued at approximately $37,000. CVA Family Office LLC bought a new position in shares of CoStar Group in the fourth quarter worth approximately $60,000. KB Financial Partners LLC boosted its position in shares of CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Cape Investment Advisory Inc. bought a new position in shares of CoStar Group in the fourth quarter worth approximately $89,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

CoStar Group stock opened at $76.21 on Friday. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 104.40, a PEG ratio of 11.35 and a beta of 0.83. The firm’s fifty day moving average is $87.66 and its 200 day moving average is $86.57. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. Sell-side analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CSGP shares. Needham & Company LLC upped their price target on shares of CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price target on shares of CoStar Group in a research report on Friday. Robert W. Baird upped their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. BMO Capital Markets upped their price target on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.46.

View Our Latest Stock Analysis on CoStar Group

Insider Activity

In other news, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction 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 owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the transaction, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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