CoStar Group Inc (CSGP) Director Christopher J. Nassetta Sells 571 Shares

CoStar Group Inc (NASDAQ:CSGP) Director Christopher J. Nassetta sold 571 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $349.67, for a total transaction of $199,661.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of CoStar Group stock traded down $1.13 during trading hours on Tuesday, reaching $347.83. The company’s stock had a trading volume of 724,700 shares, compared to its average volume of 221,002. CoStar Group Inc has a one year low of $283.11 and a one year high of $448.35. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 90.47, a price-to-earnings-growth ratio of 2.98 and a beta of 1.44.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 23rd. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. CoStar Group had a net margin of 17.61% and a return on equity of 7.63%. The firm had revenue of $305.53 million for the quarter, compared to analyst estimates of $305.99 million. During the same period last year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CoStar Group Inc will post 7.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cabot Wealth Management Inc. bought a new position in shares of CoStar Group during the third quarter valued at about $1,172,000. Acadian Asset Management LLC lifted its position in shares of CoStar Group by 114,627.3% during the third quarter. Acadian Asset Management LLC now owns 12,620 shares of the technology company’s stock valued at $5,311,000 after purchasing an additional 12,609 shares in the last quarter. Townsend & Associates Inc lifted its position in shares of CoStar Group by 19.5% during the third quarter. Townsend & Associates Inc now owns 2,795 shares of the technology company’s stock valued at $1,176,000 after purchasing an additional 457 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of CoStar Group by 2.4% during the third quarter. Russell Investments Group Ltd. now owns 103,958 shares of the technology company’s stock valued at $43,653,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of CoStar Group by 2.3% during the third quarter. Rice Hall James & Associates LLC now owns 12,963 shares of the technology company’s stock valued at $5,455,000 after purchasing an additional 296 shares in the last quarter. 96.24% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $401.00 price objective on the stock in a research note on Friday. Needham & Company LLC raised their price objective on shares of CoStar Group from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Citigroup raised their price objective on shares of CoStar Group from $425.00 to $490.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price objective on shares of CoStar Group to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $433.82.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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Insider Buying and Selling by Quarter for CoStar Group (NASDAQ:CSGP)

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