GSA Capital Partners LLP purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 51,986 shares of the technology company’s stock, valued at approximately $1,472,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Reflection Asset Management acquired a new stake in CoStar Group in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group in the 4th quarter valued at $29,000. DV Equities LLC bought a new position in shares of CoStar Group in the 4th quarter valued at $40,000. IFP Advisors Inc boosted its holdings in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after acquiring an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.
CoStar Group Price Performance
Shares of NASDAQ:CSGP opened at $32.38 on Monday. The firm has a market cap of $13.12 billion, a P/E ratio of 170.43, a P/E/G ratio of 0.85 and a beta of 0.72. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 12-month low of $25.89 and a 12-month high of $91.89. The business has a fifty day simple moving average of $30.08 and a 200 day simple moving average of $37.63.
Insider Buying and Selling
In other news, CEO Andrew C. Florance bought 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This trade represents a 4.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on CSGP shares. Robert W. Baird set a $34.00 target price on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. Citizens Jmp lowered their price objective on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Benchmark initiated coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.61.
Get Our Latest Analysis on CoStar Group
CoStar Group Company Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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