CoStar Group, Inc. (NASDAQ:CSGP) VP Matthew Linnington Sells 1,767 Shares

CoStar Group, Inc. (NASDAQ:CSGP) VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CoStar Group, Inc. (CSGP) traded down 0.68% on Friday, reaching $278.96. 100,190 shares of the company’s stock were exchanged. CoStar Group, Inc. has a 12 month low of $179.22 and a 12 month high of $286.00. The stock has a market capitalization of $9.16 billion, a PE ratio of 93.64 and a beta of 1.51. The firm has a 50 day moving average of $275.67 and a 200 day moving average of $239.64.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business had revenue of $237.20 million for the quarter, compared to analyst estimates of $234.38 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. CoStar Group’s revenue was up 14.6% compared to the same quarter last year. Equities analysts predict that CoStar Group, Inc. will post $4.49 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in CSGP. LS Investment Advisors LLC raised its position in shares of CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after buying an additional 24 shares during the period. World Asset Management Inc raised its position in shares of CoStar Group by 1.7% in the second quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after buying an additional 24 shares during the period. Toronto Dominion Bank raised its position in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares during the period. Advisor Group Inc. raised its position in shares of CoStar Group by 3.8% in the second quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after buying an additional 54 shares during the period. Finally, Rice Hall James & Associates LLC raised its position in shares of CoStar Group by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 2,186 shares of the technology company’s stock worth $453,000 after buying an additional 63 shares during the period. 99.66% of the stock is currently owned by institutional investors and hedge funds.

CSGP has been the subject of a number of recent analyst reports. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Needham & Company LLC raised their price target on shares of CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 28th. B. Riley reaffirmed a “buy” rating and set a $335.00 price target on shares of CoStar Group in a report on Friday, July 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $275.00 price target (up from $260.00) on shares of CoStar Group in a report on Monday, June 19th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. CoStar Group currently has an average rating of “Buy” and an average target price of $313.67.

CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Insider Buying and Selling by Quarter for CoStar Group (NASDAQ:CSGP)

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