Dynamic Technology Lab Private Ltd Acquires 209 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Dynamic Technology Lab Private Ltd boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,133 shares of the technology company’s stock after purchasing an additional 209 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in CoStar Group were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in CoStar Group by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79,579 shares of the technology company’s stock valued at $6,003,000 after buying an additional 8,258 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of CoStar Group by 106.4% during the third quarter. Summit Trail Advisors LLC now owns 6,530 shares of the technology company’s stock valued at $493,000 after acquiring an additional 3,367 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of CoStar Group by 206.5% in the 3rd quarter. Centaurus Financial Inc. now owns 20,842 shares of the technology company’s stock worth $1,572,000 after purchasing an additional 14,042 shares during the last quarter. Swedbank AB boosted its stake in CoStar Group by 469.3% in the 3rd quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock worth $18,712,000 after purchasing an additional 204,474 shares in the last quarter. Finally, Cerity Partners LLC grew its position in CoStar Group by 101.1% during the 3rd quarter. Cerity Partners LLC now owns 14,553 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 7,317 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $80.28 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The stock’s fifty day moving average is $75.54 and its 200 day moving average is $76.71. The stock has a market cap of $32.91 billion, a P/E ratio of 182.45 and a beta of 0.82. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CSGP shares. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a research note on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Friday, September 6th. Citigroup reduced their target price on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 24th. BMO Capital Markets lowered their price target on 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, StockNews.com downgraded 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.

Insider Activity

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

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. 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.