279,807 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Purchased by Aureus Asset Management LLC

Aureus Asset Management LLC purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 3rd quarter, Holdings Channel reports. The fund purchased 279,807 shares of the technology company’s stock, valued at approximately $21,109,000. CoStar Group makes up 1.4% of Aureus Asset Management LLC’s portfolio, making the stock its 28th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in CoStar Group in the 3rd quarter worth about $40,000. Industrial Alliance Investment Management Inc. bought a new position in CoStar Group during the 2nd quarter worth about $49,000. Quarry LP bought a new position in CoStar Group during the 2nd quarter worth about $54,000. Rothschild Investment LLC bought a new position in CoStar Group during the 2nd quarter worth about $73,000. Finally, Blue Trust Inc. grew its holdings in CoStar Group by 493.4% during the 2nd quarter. Blue Trust Inc. now owns 1,080 shares of the technology company’s stock worth $80,000 after acquiring an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In other CoStar Group news, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction that occurred on 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 approximately $142,919,389.69. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

CoStar Group Stock Down 0.8 %

CSGP stock opened at $81.34 on Monday. The firm has a 50 day moving average of $75.86 and a 200 day moving average of $76.50. The stock has a market capitalization of $33.35 billion, a PE ratio of 184.87 and a beta of 0.82. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $692.60 million during the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. CoStar Group’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. Sell-side analysts forecast that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

CSGP has been the topic of several recent research reports. BMO Capital Markets dropped their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. Citigroup lowered their price target on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.25.

About CoStar Group

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.