Metis Global Partners LLC Has $1.55 Million Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Metis Global Partners LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,683 shares of the technology company’s stock after selling 1,147 shares during the quarter. Metis Global Partners LLC’s holdings in CoStar Group were worth $1,545,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of CoStar Group by 37.1% during the 3rd quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock worth $56,877,000 after buying an additional 200,183 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of CoStar Group by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock valued at $312,000 after purchasing an additional 376 shares during the last quarter. Simplicity Solutions LLC increased its stake in shares of CoStar Group by 5.7% in the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock worth $697,000 after purchasing an additional 431 shares during the period. LGT Group Foundation lifted its position in shares of CoStar Group by 45.2% during the 4th quarter. LGT Group Foundation now owns 59,237 shares of the technology company’s stock worth $5,213,000 after purchasing an additional 18,442 shares during the last quarter. Finally, abrdn plc boosted its stake in CoStar Group by 69.8% during the 4th quarter. abrdn plc now owns 169,683 shares of the technology company’s stock valued at $14,829,000 after purchasing an additional 69,744 shares during the period. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In related news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upped their price target on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group increased their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Citigroup lifted their target price on CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird boosted 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Stock Performance

CSGP stock opened at $92.46 on Wednesday. CoStar Group, Inc. has a 1-year low of $67.35 and a 1-year high of $100.38. The business’s 50-day moving average price is $90.90 and its two-hundred day moving average price is $85.44. The firm has a market cap of $37.76 billion, a PE ratio of 126.66, a P/E/G ratio of 10.21 and a beta of 0.84. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, research analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current 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.