B.O.S.S. Retirement Advisors LLC Invests $1.72 Million in CoStar Group, Inc. (NASDAQ:CSGP)

B.O.S.S. Retirement Advisors LLC acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,977 shares of the technology company’s stock, valued at approximately $1,717,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CoStar Group in the fourth quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new position in CoStar Group during the third quarter worth approximately $40,000. Quarry LP acquired a new position in shares of CoStar Group in the 2nd quarter valued at $54,000. Finally, Brooklyn Investment Group acquired a new stake in shares of CoStar Group during the 3rd quarter worth $91,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Down 0.3 %

NASDAQ CSGP opened at $74.16 on Friday. The company has a market capitalization of $30.40 billion, a P/E ratio of 168.55 and a beta of 0.85. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The company’s 50 day simple moving average is $74.62 and its 200 day simple moving average is $75.35.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $695.91 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. Citigroup cut their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets dropped their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.92.

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.