Quantum Capital Management LLC NJ Sells 57,982 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Quantum Capital Management LLC NJ lowered its stake in shares of CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 496,547 shares of the technology company’s stock after selling 57,982 shares during the period. CoStar Group accounts for 5.1% of Quantum Capital Management LLC NJ’s holdings, making the stock its 11th biggest position. Quantum Capital Management LLC NJ owned about 0.12% of CoStar Group worth $43,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CSGP. Bamco Inc. NY increased its holdings in shares of CoStar Group by 0.5% in the third quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock valued at $1,476,019,000 after purchasing an additional 91,399 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in CoStar Group by 5.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock valued at $920,146,000 after acquiring an additional 596,595 shares during the period. Artisan Partners Limited Partnership lifted its position in CoStar Group by 6.1% during the third quarter. Artisan Partners Limited Partnership now owns 5,569,718 shares of the technology company’s stock worth $428,256,000 after acquiring an additional 319,960 shares during the last quarter. Norges Bank bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $406,934,000. Finally, Blair William & Co. IL grew its position in shares of CoStar Group by 6.4% in the third quarter. Blair William & Co. IL now owns 4,191,009 shares of the technology company’s stock valued at $322,247,000 after purchasing an additional 251,182 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CSGP shares. Needham & Company LLC boosted their price target on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group raised their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. BMO Capital Markets lifted their price objective on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Bank of America increased their target price on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $102.46.

Read Our Latest Research Report on CSGP

Insider Buying and Selling at CoStar Group

In other news, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the transaction, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the transaction, the insider now directly owns 64,087 shares in the company, valued at $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP traded up $0.24 during midday trading on Friday, reaching $85.93. 1,236,252 shares of the company were exchanged, compared to its average volume of 1,577,708. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The stock has a market cap of $35.09 billion, a P/E ratio of 117.71, a PEG ratio of 12.80 and a beta of 0.84. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $90.97 and its 200-day moving average price is $86.67.

CoStar Group (NASDAQ:CSGPGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $656.40 million for the quarter, compared to analyst estimates of $649.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal year.

About CoStar Group

(Free Report)

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.

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Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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