Scott T. Wheeler Sells 122,736 Shares of CoStar Group, Inc. (NASDAQ:CSGP) Stock

CoStar Group, Inc. (NASDAQ:CSGP) CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction that occurred 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 directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CoStar Group Trading Down 1.3 %

NASDAQ:CSGP opened at $90.36 on Thursday. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $36.90 billion, a price-to-earnings ratio of 123.78, a PEG ratio of 10.35 and a beta of 0.84. The firm has a fifty day simple moving average of $90.33 and a two-hundred day simple moving average of $85.00. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts expect that CoStar Group, Inc. will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares in the last quarter. Riverview Trust Co bought a new position in shares of CoStar Group during the first quarter valued at about $35,000. TFO Wealth Partners LLC lifted its position in shares of CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock valued at $350,000 after purchasing an additional 390 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group during the fourth quarter valued at about $37,000. Finally, CVA Family Office LLC bought a new position in shares of CoStar Group during the fourth quarter valued at about $60,000. 96.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CSGP has been the subject of several recent research reports. Citigroup upped their price target on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Jefferies Financial Group upped their price target on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. The Goldman Sachs Group upped their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Robert W. Baird upped their price target on shares of CoStar Group from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.46.

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.