CoStar Group (NASDAQ:CSGP) Director Sells $92,049.00 in Stock

CoStar Group, Inc. (NASDAQ:CSGP) Director John Hill sold 3,050 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $30.18, for a total transaction of $92,049.00. Following the sale, the director directly owned 19,943 shares of the company’s stock, valued at approximately $601,879.74. The trade was a 13.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded up $0.86 during midday trading on Friday, hitting $30.96. The company had a trading volume of 3,185,465 shares, compared to its average volume of 6,971,212. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 70.37, a PEG ratio of 0.77 and a beta of 0.79. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $70.57. The company has a fifty day moving average of $30.15 and a two-hundred day moving average of $35.45.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. CoStar Group had a return on equity of 4.87% and a net margin of 4.87%. The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $945.82 million. During the same period in the previous year, the business earned $0.23 earnings per share. CoStar Group’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that CoStar Group, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Citizens Jmp decreased their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. KeyCorp set a $33.00 price target on shares of CoStar Group in a report on Monday, August 24th. Finally, Wells Fargo & Company set a $35.00 price target on shares of CoStar Group in a research report on Wednesday, October 28th. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.11.

Hedge Funds Weigh In On CoStar Group

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of CoStar Group in the 2nd quarter worth approximately $957,612,000. Bamco Inc. NY purchased a new stake in CoStar Group during the 2nd quarter valued at $612,470,000. Jupiter Topco LLC purchased a new stake in CoStar Group during the 2nd quarter valued at $221,826,000. Janus Henderson Group PLC lifted its position in CoStar Group by 3.4% in the first quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock worth $311,586,000 after buying an additional 250,772 shares during the last quarter. Finally, Meritage Group LP bought a new stake in CoStar Group in the second quarter worth $152,763,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc. is a provider of commercial real estate information, analytics and online marketplaces. Its services help real estate professionals, investors, lenders and businesses research properties, evaluate markets and connect with buyers, sellers and tenants. The company’s brands include CoStar, which provides commercial property data and research; LoopNet, a commercial property marketplace; Apartments.com, a rental listings platform; and STR, which supplies benchmarking data for the hospitality industry.