Key Points
- CoStar Group Director John Hill sold 3,050 shares for $92,049 at an average price of $30.18, reducing his stake by 13.26% to 19,943 shares.
- CoStar reported quarterly EPS of $0.38, beating the $0.34 consensus, while revenue of $952 million also topped estimates and rose 14.1% year over year.
- Analysts’ average rating was Hold, with an average price target of $39.11; institutional investors owned 96.6% of the shares.
CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) Director John Hill sold 3,050 shares of CoStar Group stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $30.18, for a total value of $92,049.00. Following the completion of the transaction, the director owned 19,943 shares in the company, valued at $601,879.74. The trade was a 13.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CoStar Group Stock Performance
Shares of NASDAQ CSGP traded up $0.86 during trading hours on Friday, hitting $30.96. 3,185,465 shares of the company's stock were exchanged, compared to its average volume of 6,312,145. CoStar Group, Inc. has a 1-year low of $25.89 and a 1-year high of $70.57. 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 stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 70.37, a PEG ratio of 0.76 and a beta of 0.79. The company's 50-day moving average price is $30.14 and its 200-day moving average price is $35.27.
CoStar Group (NASDAQ:CSGP - Get Free Report) last announced 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. The firm had revenue of $952.00 million during the quarter, compared to the consensus estimate of $945.82 million. CoStar Group had a return on equity of 4.87% and a net margin of 4.87%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. On average, sell-side analysts expect that CoStar Group, Inc. will post 1.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CoStar Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of CoStar Group in the second quarter valued at $957,612,000. Bamco Inc. NY bought a new position in CoStar Group in the second quarter worth $612,470,000. Jupiter Topco LLC bought a new position in CoStar Group in the second quarter worth $221,826,000. Meritage Group LP acquired a new stake in CoStar Group during the second quarter worth $152,763,000. Finally, Bank of America Corp DE acquired a new stake in CoStar Group during the second quarter worth $77,458,000. 96.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CSGP has been the subject of several research reports. Citigroup reissued a "market outperform" rating on shares of CoStar Group in a research report on Wednesday, October 28th. Wall Street Zen lowered shares of CoStar Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Wells Fargo & Company set a $35.00 target price on shares of CoStar Group in a research report on Wednesday, October 28th. William Blair cut shares of CoStar Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 29th. Finally, KeyCorp set a $33.00 price target on shares of CoStar Group in a report on Monday, August 24th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CoStar Group currently has an average rating of "Hold" and an average target price of $39.11.
View Our Latest Stock Report on CoStar Group
About CoStar Group
(
Get Free Report)
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.
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