First Bank & Trust Buys Shares of 15,433 CoStar Group, Inc. (NASDAQ:CSGP)

First Bank & Trust bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,433 shares of the technology company’s stock, valued at approximately $1,374,000.

A number of other hedge funds have also modified their holdings of CSGP. Catalyst Capital Advisors LLC purchased a new position in shares of CoStar Group during the 4th quarter worth approximately $25,000. Quarry LP increased its stake in shares of CoStar Group by 75.5% during the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CoStar Group during the 1st quarter worth approximately $27,000. Global Retirement Partners LLC increased its stake in shares of CoStar Group by 355.6% during the 1st quarter. Global Retirement Partners LLC now owns 410 shares of the technology company’s stock worth $30,000 after purchasing an additional 320 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of CoStar Group during the 4th quarter worth approximately $30,000. 96.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CSGP shares. Bank of America dropped their price objective on shares of CoStar Group from $104.00 to $101.00 in a research note on Wednesday, July 26th. TheStreet lowered shares of CoStar Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 26th. Truist Financial raised their target price on shares of CoStar Group from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Royal Bank of Canada raised their target price on shares of CoStar Group from $85.00 to $95.00 in a research report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Activity at CoStar Group

In related news, VP Lisa Ruggles sold 30,474 shares of CoStar Group stock in a transaction on Friday, June 30th. The shares were 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 approximately $14,280,535.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John W. Hill sold 1,500 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $86.57, for a total value of $129,855.00. Following the sale, the director now owns 16,934 shares in the company, valued at approximately $1,465,976.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lisa Ruggles sold 30,474 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $91.42, for a total transaction of $2,785,933.08. Following the completion of the sale, the vice president now owns 156,208 shares in the company, valued at approximately $14,280,535.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,804 shares of company stock worth $13,113,112. 1.58% of the stock is currently owned by corporate insiders.

CoStar Group Trading Up 0.9 %

Shares of CSGP traded up $0.72 during mid-day trading on Monday, reaching $79.84. The company had a trading volume of 344,403 shares, compared to its average volume of 2,296,656. The stock has a market cap of $32.60 billion, a price-to-earnings ratio of 83.28, a price-to-earnings-growth ratio of 3.71 and a beta of 0.89. The firm has a fifty day simple moving average of $83.39 and a 200-day simple moving average of $78.37. CoStar Group, Inc. has a fifty-two week low of $65.12 and a fifty-two week high of $92.36. 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 posted its earnings results on Tuesday, July 25th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $605.91 million for the quarter, compared to analyst estimates of $607.49 million. CoStar Group had a net margin of 16.56% and a return on equity of 6.61%. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 1.09 EPS for the current fiscal year.

CoStar Group 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.