Kampmann Melissa S. Has $1.77 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Kampmann Melissa S. raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 23,415 shares of the technology company’s stock after acquiring an additional 350 shares during the quarter. Kampmann Melissa S.’s holdings in CoStar Group were worth $1,766,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CSGP. Csenge Advisory Group acquired a new stake in shares of CoStar Group in the 1st quarter valued at $213,000. Empowered Funds LLC lifted its position in shares of CoStar Group by 54.7% in the first quarter. Empowered Funds LLC now owns 6,874 shares of the technology company’s stock worth $664,000 after buying an additional 2,431 shares during the last quarter. Forsta AP Fonden lifted its position in shares of CoStar Group by 12.4% in the first quarter. Forsta AP Fonden now owns 80,700 shares of the technology company’s stock worth $7,796,000 after buying an additional 8,900 shares during the last quarter. KCM Investment Advisors LLC bought a new stake in shares of CoStar Group during the 1st quarter worth about $263,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of CoStar Group by 4.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $242,000 after acquiring an additional 112 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Up 1.4 %

CSGP stock opened at $77.39 on Friday. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market cap of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82. The business’s 50-day simple moving average is $76.06 and its 200 day simple moving average is $78.06.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million for 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%. CoStar Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. On average, research analysts anticipate that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Needham & Company LLC reduced their target price on CoStar Group from $107.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lowered their target price 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. The Goldman Sachs Group cut their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.25.

Insiders Place Their Bets

In other news, Director Michael R. Klein sold 71,633 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the completion of the transaction, the director now owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael R. Klein sold 71,633 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew C. Florance purchased 14,731 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company’s stock.

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.