CoStar Group, Inc. (NASDAQ:CSGP) Director John W. Hill sells 3,650 shares

CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) Director John W. Hill sold 3,650 shares in a trade on Thursday, November 3. The stock was sold at an average price of $78.92, for a total transaction of $288,058.00. Following the completion of the sale, the director now directly owns 20,734 shares of the company, valued at $1,636,327.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.

CoStar Group grows 0.1%

CSGP stock traded down $0.08 during Friday’s trading, hitting $79.97. The company had a trading volume of 1,986,797 shares, compared to an average volume of 2,558,434. The company has a quick ratio of 15.36, a current ratio of 15.36 and a leverage ratio of 0, 15. The company has a market capitalization of $32.52 billion, a P/E ratio of 92.95 and a beta of 0.92. The company has a 50-day simple moving average of $73.60 and a 200-day simple moving average of $66.69. CoStar Group, Inc. has a 52 week low of $49.00 and a 52 week high of $84.78.

Institutional entries and exits

A number of institutional investors have recently increased or reduced their stake in CSGP. Select Equity Group LP increased its holdings of CoStar Group shares by 204.3% in Q1. Select Equity Group LP now owns 6,362,625 shares of the technology company valued at $423,814,000 after purchasing an additional 4,271,849 shares last quarter. Parnassus Investments LLC increased its equity stake in CoStar Group by 38.2% in Q1. Parnassus Investments LLC now owns 8,318,337 shares of the technology company valued at $554,084,000 after buying an additional 2,300,462 shares last quarter. Mackenzie Financial Corp increased its holdings of CoStar Group shares by 343.8% in Q1. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company valued at $194,074,000 after buying an additional 2,257,140 shares last quarter. Principal Financial Group Inc. increased its equity stake in CoStar Group by 12.3% in Q1. Principal Financial Group Inc. now owns 18,742,336 shares of the technology company valued at $1,248,427,000 after buying an additional 2,055,607 shares last quarter. Finally, American Century Companies Inc. increased its equity stake in CoStar Group by 212.0% in the 1st quarter. American Century Companies Inc. now owns 2,819,388 shares of the technology company valued at $187,799,000 after buying an additional 1,915,752 shares last quarter. Hedge funds and other institutional investors own 95.29% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts have recently released reports on the stock. Robert W. Baird raised his price target on CoStar Group shares to $90.00 in a Thursday, October 27 research note. BMO Capital Markets launched a hedge on CoStar Group shares in a Monday, September 12 research report. They set a “market performance” rating and a target price of $83.00 for the company. Royal Bank of Canada raised its price target on CoStar Group shares from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 5. Truist Financial raised its target price on CoStar Group shares from $75.00 to $95.00 in a Wednesday, October 26 research report. Finally, Citigroup raised its price target on CoStar Group shares from $75.00 to $92.00 and gave the company a “buy” rating in a Tuesday, September 13 research note. Three analysts gave the stock a hold rating and ten gave the stock a buy rating. Based on MarketBeat data, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $89.64.

CoStar Group Company Profile

(Get a rating)

CoStar Group, Inc provides online market information, analysis, and services to the commercial real estate, hospitality, residential, and related professional industries in the United States, Canada, Europe, Asia- Pacific and Latin America. It offers CoStar Property which provides an inventory of office, industrial, commercial, multi-family, hotel and student properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to display and generate reports on aggregate market and sub-market trends; and CoStar Tenant, an online business-to-business prospecting and analysis tool that provides tenant information.

Further reading

Insider buying and selling by quarter for the CoStar Group (NASDAQ:CSGP)

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