CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 305,531 shares of the technology company’s stock after acquiring an additional 7,901 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of CoStar Group worth $29,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC acquired a new position in shares of CoStar Group in the 1st quarter valued at approximately $452,000. Bessemer Group Inc. increased its stake in CoStar Group by 73.0% during the 1st quarter. Bessemer Group Inc. now owns 32,119 shares of the technology company’s stock valued at $3,102,000 after buying an additional 13,558 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of CoStar Group by 321.4% during the first quarter. UniSuper Management Pty Ltd now owns 16,040 shares of the technology company’s stock valued at $1,549,000 after acquiring an additional 12,234 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of CoStar Group by 34.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,301 shares of the technology company’s stock worth $1,478,000 after buying an additional 3,892 shares in the last quarter. Finally, Covestor Ltd raised its position in CoStar Group by 43.0% in the first quarter. Covestor Ltd now owns 702 shares of the technology company’s stock worth $68,000 after acquiring an additional 211 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

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

CoStar Group Price Performance

NASDAQ CSGP traded up $2.25 during midday trading on Thursday, hitting $78.60. The company had a trading volume of 2,072,150 shares, compared to its average volume of 2,313,811. The company has a market capitalization of $32.10 billion, a PE ratio of 107.01, a P/E/G ratio of 13.02 and a beta of 0.81. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $77.19 and a 200-day moving average price of $84.06.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 4.01%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. As a group, analysts anticipate that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CSGP. Jefferies Financial Group raised their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Bank of America cut their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird decreased their target price on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday. Royal Bank of Canada lowered their price target on CoStar Group from $109.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.08.

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.