CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,918 shares of the technology company’s stock after selling 306 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CoStar Group were worth $1,653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TimesSquare Capital Management LLC raised its stake in shares of CoStar Group by 6.4% in the third quarter. TimesSquare Capital Management LLC now owns 734,366 shares of the technology company’s stock valued at $55,401,000 after acquiring an additional 44,405 shares in the last quarter. Kampmann Melissa S. increased its holdings in CoStar Group by 1.5% during the 3rd quarter. Kampmann Melissa S. now owns 23,415 shares of the technology company’s stock worth $1,766,000 after purchasing an additional 350 shares during the period. Assetmark Inc. increased its holdings in CoStar Group by 24.1% during the 3rd quarter. Assetmark Inc. now owns 68,659 shares of the technology company’s stock worth $5,180,000 after purchasing an additional 13,320 shares during the period. Fiera Capital Corp raised its position in CoStar Group by 9.9% in the 3rd quarter. Fiera Capital Corp now owns 88,967 shares of the technology company’s stock valued at $6,712,000 after purchasing an additional 8,004 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in shares of CoStar Group by 11.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 318,616 shares of the technology company’s stock valued at $24,036,000 after buying an additional 32,290 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSGP. Royal Bank of Canada lowered shares of CoStar Group from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $96.00 to $83.00 in a research note on Wednesday, October 23rd. Robert W. Baird reduced their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Keefe, Bruyette & Woods decreased their price objective on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price target on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.25.

Insider Activity at CoStar Group

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now directly owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now directly owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The stock was acquired at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by insiders.

CoStar Group Trading Up 0.5 %

NASDAQ:CSGP opened at $75.77 on Thursday. The stock’s 50 day moving average price is $76.02 and its 200 day moving average price is $77.70. The company has a market capitalization of $31.06 billion, a PE ratio of 172.66 and a beta of 0.82. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same period last year, the firm posted $0.25 EPS. CoStar Group’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts anticipate that CoStar Group, Inc. will post 0.52 EPS 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.