Nicolet Advisory Services LLC Acquires 515 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Nicolet Advisory Services LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,184 shares of the technology company’s stock after purchasing an additional 515 shares during the period. Nicolet Advisory Services LLC’s holdings in CoStar Group were worth $605,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Icon Wealth Advisors LLC lifted its position in shares of CoStar Group by 8,314.1% in the third quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock worth $30,925,000 after buying an additional 405,062 shares during the last quarter. Telemark Asset Management LLC lifted its holdings in CoStar Group by 42.9% in the 3rd quarter. Telemark Asset Management LLC now owns 500,000 shares of the technology company’s stock worth $37,720,000 after purchasing an additional 150,000 shares during the last quarter. Citigroup Inc. boosted its position in CoStar Group by 5.4% during the third quarter. Citigroup Inc. now owns 729,730 shares of the technology company’s stock worth $55,051,000 after purchasing an additional 37,113 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CoStar Group by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,684,373 shares of the technology company’s stock valued at $202,509,000 after purchasing an additional 76,916 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of CoStar Group by 2.0% in the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after purchasing an additional 161 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CoStar Group

In related news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated 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 directly owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew C. Florance purchased 14,731 shares of CoStar Group stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the transaction, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.57% of the company’s stock.

CoStar Group Price Performance

NASDAQ:CSGP opened at $79.81 on Friday. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 181.39 and a beta of 0.82. The company has a 50-day moving average of $75.49 and a 200-day moving average of $76.88. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company had revenue of $692.60 million for the quarter, compared to the consensus estimate of $695.91 million. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSGP. Royal Bank of Canada lowered shares of CoStar Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $96.00 to $83.00 in a research note on Wednesday, October 23rd. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.