Andrew C. Florance Purchases 14,731 Shares of CoStar Group, Inc. (NASDAQ:CSGP) Stock

CoStar Group, Inc. (NASDAQ:CSGP) CEO Andrew C. Florance acquired 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the acquisition, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

CoStar Group Trading Down 0.2 %

CoStar Group stock traded down $0.17 during trading on Monday, reaching $74.31. 5,790,599 shares of the company were exchanged, compared to its average volume of 2,368,163. The stock’s 50 day simple moving average is $76.46 and its two-hundred day simple moving average is $78.82. The company has a market capitalization of $30.46 billion, a P/E ratio of 169.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. StockNews.com upgraded CoStar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Citigroup dropped their price target on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets decreased their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group dropped their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average price target of $93.25.

Institutional Trading of CoStar Group

Hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in shares of CoStar Group during the 1st quarter valued at approximately $31,000. RiverPark Advisors LLC purchased a new stake in CoStar Group in the first quarter valued at $37,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of CoStar Group in the 2nd quarter valued at $49,000. Quarry LP purchased a new position in shares of CoStar Group during the 2nd quarter worth $54,000. Finally, Covestor Ltd increased its position in shares of CoStar Group by 43.0% during the 1st quarter. Covestor Ltd now owns 702 shares of the technology company’s stock worth $68,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

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.