CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 97,214 shares of the technology company’s stock after acquiring an additional 512 shares during the period. CoStar Group accounts for about 1.1% of Azzad Asset Management Inc. ADV’s holdings, making the stock its 7th largest position. Azzad Asset Management Inc. ADV’s holdings in CoStar Group were worth $9,391,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings 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 acquiring an additional 173 shares during the period. Riverview Trust Co bought a new stake in CoStar Group during the 1st quarter valued at approximately $35,000. Pinnacle Bancorp Inc. acquired a new stake in CoStar Group in the 4th quarter valued at approximately $37,000. Connectus Wealth LLC increased its position in CoStar Group by 915.0% in the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock worth $45,000 after buying an additional 467,534 shares during the period. Finally, CVA Family Office LLC bought a new position in CoStar Group in the 4th quarter worth approximately $60,000. 96.60% of the stock is owned by institutional investors.

CoStar Group Price Performance

NASDAQ:CSGP traded down $0.44 during trading hours on Wednesday, reaching $73.78. The company had a trading volume of 268,972 shares, compared to its average volume of 2,240,567. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $82.55 and a two-hundred day moving average of $85.45. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The firm has a market capitalization of $30.13 billion, a PE ratio of 101.67, a PEG ratio of 11.04 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last posted its earnings results 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. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business had revenue of $656.40 million for the quarter, compared to analyst estimates of $649.27 million. Analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.67, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $352,146.00. Following the completion of the transaction, the insider now directly owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSGP. Keefe, Bruyette & Woods raised their price objective 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 boosted their price objective on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Bank of America upped their price objective on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Stephens reissued an “overweight” rating and set a $105.00 target price on shares of CoStar Group in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their price target on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.46.

About CoStar Group

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.