CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 44.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,592 shares of the technology company’s stock after acquiring an additional 792 shares during the quarter. GAMMA Investing LLC’s holdings in CoStar Group were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted 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 worth $27,000 after purchasing an additional 173 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock worth $350,000 after purchasing an additional 390 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of CoStar Group during the fourth quarter worth about $37,000. CVA Family Office LLC acquired a new position in shares of CoStar Group during the fourth quarter worth about $60,000. Finally, KB Financial Partners LLC lifted its stake in shares of CoStar Group by 17.9% during 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 in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity

In other news, insider Michael J. Desmarais sold 3,800 shares of the company’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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael J. Desmarais sold 3,800 shares of the company’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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CSGP shares. The Goldman Sachs Group boosted their price objective on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Bank of America boosted their price target on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Jefferies Financial Group boosted their price target on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Stock Up 0.5 %

Shares of CoStar Group stock opened at $73.07 on Friday. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $29.84 billion, a P/E ratio of 100.10, a P/E/G ratio of 10.83 and a beta of 0.83. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The business has a 50-day moving average price of $84.27 and a 200 day moving average price of $85.96.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $656.40 million during the quarter, compared to analyst estimates of $649.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. On average, sell-side analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

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.