Thematics Asset Management Lowers Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Thematics Asset Management lowered its position in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,472 shares of the technology company’s stock after selling 3,826 shares during the period. Thematics Asset Management’s holdings in CoStar Group were worth $8,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSGP. Envestnet Asset Management Inc. increased its position in CoStar Group by 2.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,817,818 shares of the technology company’s stock valued at $158,859,000 after purchasing an additional 42,004 shares during the period. Cibc World Markets Corp increased its holdings in CoStar Group by 254.9% during the fourth quarter. Cibc World Markets Corp now owns 246,706 shares of the technology company’s stock valued at $21,560,000 after buying an additional 177,196 shares during the period. Cetera Advisor Networks LLC raised its stake in CoStar Group by 2.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 76,266 shares of the technology company’s stock worth $6,665,000 after buying an additional 2,032 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in CoStar Group by 275.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 96,988 shares of the technology company’s stock worth $8,476,000 after buying an additional 71,166 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in CoStar Group by 49.2% during the fourth quarter. Capital Research Global Investors now owns 2,414,313 shares of the technology company’s stock worth $210,987,000 after buying an additional 796,386 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction 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 transaction, the insider now 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 is accessible through this link. In other news, CFO Scott T. Wheeler sold 122,736 shares of the firm’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 transaction of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the transaction, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

NASDAQ CSGP traded down $0.84 during mid-day trading on Friday, hitting $76.21. The stock had a trading volume of 3,343,077 shares, compared to its average volume of 1,839,961. The firm’s 50 day moving average is $87.66 and its 200 day moving average is $86.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 104.40, a PEG ratio of 11.47 and a beta of 0.83. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38.

CoStar Group (NASDAQ:CSGPGet Free Report) last issued its earnings results on Tuesday, April 23rd. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $649.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. Equities research analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CSGP. Royal Bank of Canada reissued an “outperform” rating and issued a $109.00 price target on shares of CoStar Group in a research report on Friday. Robert W. Baird raised their price target on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, March 18th. The Goldman Sachs Group increased their target price on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. 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. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.46.

Get Our Latest Stock Analysis on CoStar Group

CoStar Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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