Cynthia Cammett Cann Sells 1,310 Shares of CoStar Group, Inc. (NASDAQ:CSGP) Stock

CoStar Group, Inc. (NASDAQ:CSGP) CAO Cynthia Cammett Cann sold 1,310 shares of CoStar Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.85, for a total transaction of $100,673.50. Following the transaction, the chief accounting officer now owns 26,485 shares in the company, valued at approximately $2,035,372.25. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Cynthia Cammett Cann also recently made the following trade(s):

• On Monday, March 10th, Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock. The shares were sold at an average price of $79.90, for a total value of $139,745.10.

CoStar Group Trading Up 4.4 %

Shares of CSGP opened at $78.73 on Friday. The company’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $75.66. The company has a market cap of $32.29 billion, a P/E ratio of 224.94 and a beta of 0.93. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The company had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. As a group, analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has initiated a share buyback program on Tuesday, February 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On CoStar Group

Several hedge funds have recently bought and sold shares of the business. Colonial Trust Co SC lifted its position in shares of CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company’s stock worth $48,000 after purchasing an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP lifted its holdings in CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company’s stock valued at $2,105,000 after buying an additional 146 shares in the last quarter. Moran Wealth Management LLC boosted its position in CoStar Group by 2.0% in the 3rd quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after buying an additional 161 shares during the period. Allworth Financial LP grew its stake in CoStar Group by 9.7% in the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company’s stock worth $144,000 after acquiring an additional 173 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of CoStar Group by 2.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company’s stock worth $557,000 after acquiring an additional 176 shares during the period. Institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Needham & Company LLC dropped their target price on shares of CoStar Group from $100.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Stephens reiterated an “overweight” rating and issued a $103.00 price target on shares of CoStar Group in a report on Tuesday, February 18th. The Goldman Sachs Group started coverage on shares of CoStar Group in a report on Friday, February 28th. They set a “buy” rating for the company. Finally, Citigroup reduced their target price on CoStar Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.07.

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.