Disciplined Growth Investors Inc. MN decreased its stake in shares of CoStar Group Inc (NASDAQ:CSGP) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,710 shares of the technology company’s stock after selling 540 shares during the quarter. Disciplined Growth Investors Inc. MN owned approximately 0.11% of CoStar Group worth $11,792,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. bought a new stake in CoStar Group during the 4th quarter valued at about $102,000. Cerebellum GP LLC bought a new stake in CoStar Group during the 4th quarter valued at about $129,000. Corient Capital Partners LLC bought a new stake in CoStar Group during the 4th quarter valued at about $204,000. Hengehold Capital Management LLC bought a new stake in CoStar Group during the 4th quarter valued at about $206,000. Finally, IFM Investors Pty Ltd bought a new stake in CoStar Group during the 4th quarter valued at about $219,000. Institutional investors own 98.56% of the company’s stock.
Shares of CSGP stock opened at $375.80 on Wednesday. CoStar Group Inc has a twelve month low of $197.55 and a twelve month high of $376.60. The company has a market cap of $13,211.38, a PE ratio of 103.81, a PEG ratio of 3.49 and a beta of 1.61.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.24 by $0.01. The firm had revenue of $253.99 million during the quarter, compared to analyst estimates of $253.74 million. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. CoStar Group’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. equities analysts forecast that CoStar Group Inc will post 6.25 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $396.00 price objective for the company in a report on Tuesday, February 27th. Needham & Company LLC boosted their price target on shares of CoStar Group to $430.00 and gave the company a “positive” rating in a report on Friday, February 23rd. B. Riley boosted their price target on shares of CoStar Group to $400.00 in a report on Tuesday, February 20th. Finally, SunTrust Banks boosted their price target on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $380.10.
In related news, CFO Scott T. Wheeler sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $353.69, for a total transaction of $442,112.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Linnington sold 7,921 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $348.23, for a total transaction of $2,758,329.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,271 shares of company stock valued at $7,509,131. 3.09% of the stock is currently owned by company insiders.
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CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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