Janney Montgomery Scott LLC Purchases 2,706 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Janney Montgomery Scott LLC lifted its position in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,438 shares of the technology company’s stock after buying an additional 2,706 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CoStar Group were worth $4,872,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSGP. Lindbrook Capital LLC grew its holdings in CoStar Group by 9.2% during the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock valued at $129,000 after purchasing an additional 113 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in shares of CoStar Group by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company’s stock worth $320,000 after acquiring an additional 121 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of CoStar Group by 4.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock worth $243,000 after acquiring an additional 123 shares during the last quarter. Wealth Alliance grew its stake in shares of CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after acquiring an additional 132 shares during the last quarter. Finally, Regatta Capital Group LLC grew its stake in shares of CoStar Group by 1.5% in the fourth quarter. Regatta Capital Group LLC now owns 11,106 shares of the technology company’s stock worth $971,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Stock Performance

CoStar Group stock opened at $71.84 on Thursday. The stock has a 50-day simple moving average of $80.09 and a 200 day simple moving average of $84.76. 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 12-month low of $67.35 and a 12-month high of $100.38. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 98.41, a P/E/G ratio of 10.82 and a beta of 0.81.

CoStar Group (NASDAQ:CSGPGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $649.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. On average, research analysts anticipate that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CSGP. Royal Bank of Canada restated an “outperform” rating and issued a $109.00 price objective on shares of CoStar Group in a research note on Friday, June 7th. Keefe, Bruyette & Woods lifted their price target on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets lifted 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 note on Thursday, April 25th. The Goldman Sachs Group lifted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group lifted their price target on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.46.

Get Our Latest Stock Report on CSGP

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.

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

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