CoStar Group (NASDAQ:CSGP) Stock: Insider John Hill Sells 3,050 Shares

CoStar Group, Inc. (NASDAQ:CSGP) Director John Hill sold 3,050 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 19,943 shares of the company’s stock, valued at approximately $601,879.74. This trade represents a 13.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CoStar Group Trading Up 2.9%

NASDAQ:CSGP traded up $0.86 during mid-day trading 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. The company has a 50 day simple moving average of $30.14 and a 200-day simple moving average of $35.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $70.57. The firm has a market capitalization of $12.46 billion, a P/E ratio of 70.37, a PEG ratio of 0.76 and a beta of 0.79.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. BTIG Research decreased their price objective on CoStar Group from $42.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 28th. William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Wall Street Zen downgraded CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings upgraded CoStar Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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 bought and sold shares of the company. Gibbs Wealth Management lifted its position in CoStar Group by 3.2% in the 3rd quarter. Gibbs Wealth Management now owns 10,125 shares of the technology company’s stock valued at $277,000 after acquiring an additional 311 shares in the last quarter. Lido Advisors LLC increased its holdings in CoStar Group by 1.9% during the 3rd quarter. Lido Advisors LLC now owns 24,930 shares of the technology company’s stock worth $683,000 after purchasing an additional 465 shares in the last quarter. Parallel Advisors LLC increased its holdings in CoStar Group by 1.8% during the 3rd quarter. Parallel Advisors LLC now owns 26,734 shares of the technology company’s stock worth $733,000 after purchasing an additional 477 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of CoStar Group by 56.8% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380 shares of the technology company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of CoStar Group by 6.6% in the second quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock worth $248,000 after purchasing an additional 545 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

About CoStar Group

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.