Stephens Inc. AR Has $2.55 Million Stock Position in CoStar Group, Inc. $CSGP

Stephens Inc. AR decreased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,689 shares of the technology company’s stock after selling 1,284 shares during the quarter. Stephens Inc. AR’s holdings in CoStar Group were worth $2,548,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of CoStar Group during the 1st quarter worth $29,000. Bayforest Capital Ltd acquired a new stake in CoStar Group in the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new stake in CoStar Group in the 1st quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company’s stock worth $32,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the transaction, the insider owned 319,539 shares of the company’s stock, valued at approximately $29,790,620.97. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the transaction, the chief accounting officer directly owned 25,771 shares in the company, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock worth $4,777,764 in the last ninety days. 1.09% of the stock is currently owned by insiders.

CoStar Group Trading Up 0.4%

CSGP stock opened at $77.19 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The stock has a market capitalization of $32.70 billion, a price-to-earnings ratio of 308.76, a P/E/G ratio of 3.61 and a beta of 0.87. The business has a fifty day moving average price of $84.69 and a 200 day moving average price of $82.64.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million for the quarter, compared to analyst estimates of $772.06 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, July 23rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a report on Thursday, October 9th. Robert W. Baird boosted their target price on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Wolfe Research began coverage on CoStar Group in a report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price for the company. Finally, BTIG Research began coverage on CoStar Group in a research report on Friday, October 3rd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

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.