B.O.S.S. Retirement Advisors LLC Grows Position in CoStar Group, Inc. (NASDAQ:CSGP)

B.O.S.S. Retirement Advisors LLC increased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,311 shares of the technology company’s stock after buying an additional 921 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in CoStar Group were worth $3,232,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in CoStar Group during the 4th quarter worth approximately $25,000. Quarry LP grew its stake in shares of CoStar Group by 75.5% in the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CoStar Group in the 1st quarter valued at approximately $27,000. Global Retirement Partners LLC grew its stake in shares of CoStar Group by 355.6% in the 1st quarter. Global Retirement Partners LLC now owns 410 shares of the technology company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. TheStreet cut CoStar Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. StockNews.com assumed coverage on CoStar Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America reduced their price target on CoStar Group from $104.00 to $101.00 in a report on Wednesday, July 26th. Robert W. Baird reduced their price objective on CoStar Group from $100.00 to $98.00 in a report on Wednesday, July 26th. Finally, Truist Financial lifted their price objective on CoStar Group from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.64.

Insider Activity

In other news, Director John W. Hill sold 1,500 shares of CoStar Group stock in a transaction on Monday, June 26th. The stock was sold at an average price of $86.57, for a total value of $129,855.00. Following the completion of the sale, the director now owns 16,934 shares of the company’s stock, valued at $1,465,976.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CoStar Group news, VP Lisa Ruggles sold 30,474 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $91.42, for a total transaction of $2,785,933.08. Following the transaction, the vice president now owns 156,208 shares in the company, valued at $14,280,535.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John W. Hill sold 1,500 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $86.57, for a total value of $129,855.00. Following the transaction, the director now owns 16,934 shares in the company, valued at approximately $1,465,976.38. The disclosure for this sale can be found here. Insiders sold a total of 145,804 shares of company stock valued at $13,113,112 over the last quarter. Company insiders own 1.58% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded down $1.54 during trading on Friday, reaching $79.12. The company had a trading volume of 4,510,206 shares, compared to its average volume of 1,242,713. CoStar Group, Inc. has a twelve month low of $65.12 and a twelve month high of $92.36. The stock has a market capitalization of $32.31 billion, a PE ratio of 83.29, a price-to-earnings-growth ratio of 3.71 and a beta of 0.89. The stock has a 50-day moving average price of $83.54 and a two-hundred day moving average price of $78.20. The company has a current ratio of 12.30, a quick ratio of 12.30 and a debt-to-equity ratio of 0.14.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. CoStar Group had a return on equity of 6.61% and a net margin of 16.56%. The company had revenue of $605.91 million during the quarter, compared to analysts’ expectations of $607.49 million. As a group, sell-side analysts predict that CoStar Group, Inc. will post 1.09 earnings per share for the current year.

CoStar Group Company Profile

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.