GSA Capital Partners LLP Purchases Shares of 3,050 CoStar Group, Inc. (NASDAQ:CSGP)

GSA Capital Partners LLP acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,050 shares of the technology company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in CoStar Group in the 3rd quarter valued at $40,000. Swedbank AB acquired a new stake in CoStar Group in the 1st quarter valued at about $4,223,000. Gateway Investment Advisers LLC raised its stake in shares of CoStar Group by 31.1% in the second quarter. Gateway Investment Advisers LLC now owns 40,525 shares of the technology company’s stock worth $3,005,000 after acquiring an additional 9,618 shares during the last quarter. First Hawaiian Bank lifted its position in shares of CoStar Group by 111.9% during the second quarter. First Hawaiian Bank now owns 16,726 shares of the technology company’s stock worth $1,240,000 after purchasing an additional 8,833 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of CoStar Group by 248.2% during the second quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company’s stock valued at $27,379,000 after purchasing an additional 263,234 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

Shares of CSGP opened at $79.81 on Monday. The firm has a market cap of $32.72 billion, a P/E ratio of 181.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The firm’s 50 day moving average price is $75.49 and its two-hundred day moving average price is $76.79.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. On average, analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

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 that occurred on Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew C. Florance bought 14,731 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the purchase, the chief executive officer now directly owns 1,263,098 shares in the company, valued at $94,315,527.66. This trade represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CSGP. JMP Securities reiterated a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Friday, September 6th. Royal Bank of Canada lowered CoStar Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $96.00 to $83.00 in a research note on Wednesday, October 23rd. 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. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Tuesday, November 19th. Finally, Citigroup lowered their price target on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

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.