CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its position in CoStar Group, Inc. (NASDAQ:CSGP) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,735 shares of the technology company’s stock after selling 3,927 shares during the period. Krilogy Financial LLC’s holdings in CoStar Group were worth $1,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CSGP. Hopwood Financial Services Inc. purchased a new stake in CoStar Group during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in CoStar Group during the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after purchasing an additional 402 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in CoStar Group during the 4th quarter worth approximately $40,000. Finally, Private Trust Co. NA increased its holdings in CoStar Group by 969.5% during the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company’s stock worth $45,000 after purchasing an additional 572 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on CoStar Group in a research report on Friday, February 28th. They set a “buy” rating and a $89.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Craig Hallum began coverage on CoStar Group in a research report on Friday, February 28th. They set a “buy” rating for the company. Finally, Citigroup reduced their price target on CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.54.

CoStar Group Trading Down 1.5%

Shares of CoStar Group stock opened at $81.16 on Friday. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. The firm has a market cap of $34.24 billion, a price-to-earnings ratio of 231.89 and a beta of 0.87. The business has a fifty day simple moving average of $77.42 and a 200-day simple moving average of $76.36. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $83.68.

CoStar Group declared that its board has authorized a stock repurchase plan on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

CoStar Group 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.