Amalgamated Bank Decreases Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Amalgamated Bank trimmed its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,048 shares of the technology company’s stock after selling 5,929 shares during the quarter. Amalgamated Bank’s holdings in CoStar Group were worth $8,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of 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 buying an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in CoStar Group during the 4th quarter valued at $37,000. CVA Family Office LLC bought a new position in CoStar Group in the 4th quarter valued at $60,000. KB Financial Partners LLC increased its stake in CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of CoStar Group by 78.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock worth $107,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of several recent analyst reports. Robert W. Baird raised their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. The Goldman Sachs Group lifted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. BTIG Research started coverage on CoStar Group in a research report on Friday, January 19th. They set a “neutral” rating for the company. Finally, BMO Capital Markets raised their price target on CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $91.23 on Friday. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company’s 50 day moving average is $90.60 and its 200 day moving average is $85.10. The company has a market cap of $37.25 billion, a PE ratio of 124.97, a price-to-earnings-growth ratio of 10.21 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter last year, the company posted $0.35 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group 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 completion of the transaction, the insider now directly owns 64,087 shares of the company’s stock, valued at $5,938,942.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the company’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 transaction, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the sale, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.

CoStar Group Company 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.