2,487 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,487 shares of the technology company’s stock, valued at approximately $178,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Quarry LP acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $54,000. Brooklyn Investment Group bought a new stake in CoStar Group in the 3rd quarter valued at $91,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in CoStar Group by 55.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,374 shares of the technology company’s stock valued at $104,000 after purchasing an additional 488 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CSGP shares. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of CoStar Group in a research report on Monday, December 9th. Stephens reiterated an “overweight” rating and issued a $103.00 target price on shares of CoStar Group in a research report on Thursday, January 2nd. StockNews.com upgraded shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.08.

Insider Activity

In related news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the transaction, the director now owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded down $1.52 during midday trading on Friday, reaching $69.82. The company had a trading volume of 947,268 shares, compared to its average volume of 1,910,853. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The company’s 50 day moving average price is $75.09 and its 200 day moving average price is $75.43. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.62 billion, a P/E ratio of 158.69 and a beta of 0.85.

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, topping 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 company had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same quarter last year, the business posted $0.25 EPS. CoStar Group’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

About CoStar Group

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.