1,800 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,800 shares of the technology company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSGP. Creative Planning lifted its position in shares of CoStar Group by 27.9% during the 3rd quarter. Creative Planning now owns 31,828 shares of the technology company’s stock worth $2,401,000 after buying an additional 6,939 shares during the last quarter. Blue Trust Inc. increased its holdings in CoStar Group by 175.8% in the 3rd quarter. Blue Trust Inc. now owns 2,979 shares of the technology company’s stock worth $221,000 after purchasing an additional 1,899 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of CoStar Group by 25.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,435 shares of the technology company’s stock valued at $561,000 after buying an additional 1,507 shares during the last quarter. Signaturefd LLC lifted its holdings in CoStar Group by 17.0% in the third quarter. Signaturefd LLC now owns 4,533 shares of the technology company’s stock valued at $342,000 after buying an additional 658 shares during the period. Finally, Greenleaf Trust bought a new stake in CoStar Group during the third quarter valued at $283,000. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their target price on CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday. Needham & Company LLC cut their price target on CoStar Group from $100.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday. Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a research note on Tuesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

CoStar Group Trading Down 2.0 %

NASDAQ:CSGP opened at $76.79 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The company has a market cap of $31.48 billion, a PE ratio of 219.40 and a beta of 0.87. The firm has a 50-day moving average of $73.83 and a 200-day moving average of $75.39.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $709.40 million during the quarter, compared to analyst estimates of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its board has approved a stock buyback program on Tuesday, February 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.