Personal CFO Solutions LLC increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 215.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,585 shares of the technology company’s stock after acquiring an additional 23,614 shares during the quarter. Personal CFO Solutions LLC’s holdings in CoStar Group were worth $1,395,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the 4th quarter valued at about $29,000. DV Equities LLC acquired a new stake in shares of CoStar Group in the 4th quarter valued at about $40,000. IFP Advisors Inc increased its position in CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.
CoStar Group Price Performance
CSGP stock opened at $29.34 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The business has a 50-day simple moving average of $32.19 and a two-hundred day simple moving average of $44.36. The company has a market capitalization of $11.98 billion, a P/E ratio of 489.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74. CoStar Group, Inc. has a 52-week low of $28.18 and a 52-week high of $97.43.
Insiders Place Their Bets
In related news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.18% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. The Goldman Sachs Group set a $46.00 price target on CoStar Group and gave the stock a “buy” rating in a report on Thursday, June 25th. Needham & Company LLC decreased their price objective on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their target price on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.50.
Check Out Our Latest Stock Analysis on CoStar Group
CoStar Group Profile
CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.
In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.
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