Integrated Investment Consultants LLC Buys 841 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Integrated Investment Consultants LLC raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,439 shares of the technology company’s stock after acquiring an additional 841 shares during the quarter. Integrated Investment Consultants LLC’s holdings in CoStar Group were worth $389,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC bought a new position in shares of CoStar Group in the fourth quarter valued at about $248,000. Gateway Investment Advisers LLC raised its holdings in shares of CoStar Group by 41.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 43,077 shares of the technology company’s stock valued at $3,084,000 after buying an additional 12,692 shares during the last quarter. S.E.E.D. Planning Group LLC raised its holdings in shares of CoStar Group by 7.1% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 48,345 shares of the technology company’s stock valued at $3,461,000 after buying an additional 3,184 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of CoStar Group by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 29,073 shares of the technology company’s stock valued at $2,081,000 after buying an additional 542 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of CoStar Group by 39.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 401,366 shares of the technology company’s stock valued at $28,734,000 after buying an additional 113,925 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance acquired 14,731 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the acquisition, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

CoStar Group Price Performance

CoStar Group stock opened at $73.85 on Friday. The firm has a market capitalization of $30.28 billion, a P/E ratio of 167.84 and a beta of 0.85. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The business has a 50-day moving average of $74.67 and a 200-day moving average of $75.33. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results 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. The company had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. On average, equities analysts anticipate that CoStar Group, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CSGP shares. Stephens reaffirmed an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a report on Thursday, January 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $83.00 price target on shares of CoStar Group in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a report on Monday, December 9th. BMO Capital Markets lowered their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. 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 stock. According to MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $92.92.

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.