CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) insider Michael J. Desmarais sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $72.51, for a total transaction of $145,020.00. Following the transaction, the insider now owns 39,619 shares in the company, valued at approximately $2,872,773.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
CoStar Group Price Performance
CSGP opened at $72.87 on Friday. The firm has a market cap of $28.85 billion, a P/E ratio of 86.75 and a beta of 0.92. The firm has a 50-day moving average of $61.95 and a 200 day moving average of $62.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.95 and a current ratio of 11.95. CoStar Group, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $101.05.
CoStar Group (NASDAQ:CSGP – Get Rating) last issued its earnings results on Tuesday, July 26th. The technology company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. CoStar Group had a net margin of 16.03% and a return on equity of 7.31%. During the same quarter last year, the firm earned $0.22 earnings per share. On average, research analysts expect that CoStar Group, Inc. will post 0.97 EPS for the current year.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On CoStar Group
Institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp raised its stake in CoStar Group by 14.3% in the second quarter. M&T Bank Corp now owns 18,239 shares of the technology company’s stock valued at $908,000 after purchasing an additional 2,278 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CoStar Group during the second quarter worth approximately $2,791,000. NS Partners Ltd raised its stake in shares of CoStar Group by 1.1% during the second quarter. NS Partners Ltd now owns 159,425 shares of the technology company’s stock worth $9,631,000 after acquiring an additional 1,717 shares in the last quarter. Markel Corp raised its stake in shares of CoStar Group by 5.7% during the second quarter. Markel Corp now owns 18,600 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of CoStar Group by 6.2% during the second quarter. Gilbert & Cook Inc. now owns 9,591 shares of the technology company’s stock worth $579,000 after acquiring an additional 560 shares in the last quarter. 94.52% of the stock is owned by hedge funds and other institutional investors.
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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.
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