Inspire Investing LLC Sells 2,381 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Inspire Investing LLC trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,295 shares of the technology company’s stock after selling 2,381 shares during the period. Inspire Investing LLC’s holdings in CoStar Group were worth $3,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Riverbridge Partners LLC grew its position in CoStar Group by 5.5% during the fourth quarter. Riverbridge Partners LLC now owns 1,943,883 shares of the technology company’s stock valued at $139,163,000 after acquiring an additional 101,867 shares during the last quarter. Davis Capital Management grew its position in CoStar Group by 6.3% during the fourth quarter. Davis Capital Management now owns 13,456 shares of the technology company’s stock valued at $963,000 after acquiring an additional 792 shares during the last quarter. Perfromance Wealth Partners LLC bought a new position in CoStar Group during the fourth quarter valued at approximately $205,000. Solidarity Wealth LLC bought a new position in CoStar Group during the fourth quarter valued at approximately $2,714,000. Finally, Aurora Investment Managers LLC. grew its holdings in shares of CoStar Group by 1.5% in the fourth quarter. Aurora Investment Managers LLC. now owns 22,193 shares of the technology company’s stock worth $1,589,000 after purchasing an additional 336 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CSGP. Citigroup cut their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stephens restated an “overweight” rating and issued a $103.00 target price on shares of CoStar Group in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets cut 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.92.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the acquisition, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares of the company’s stock, valued at $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $74.01 on Thursday. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $30.34 billion, a P/E ratio of 168.21 and a beta of 0.85. The business has a fifty day simple moving average of $74.57 and a two-hundred day simple moving average of $75.34. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38.

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

CoStar Group 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.