Integrated Investment Consultants LLC Purchases 841 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Integrated Investment Consultants LLC raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 18.3% during the 4th quarter, HoldingsChannel reports. The fund owned 5,439 shares of the technology company’s stock after buying an additional 841 shares during the quarter. Integrated Investment Consultants LLC’s holdings in CoStar Group were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CSGP. ORG Partners LLC lifted its stake in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after acquiring an additional 353 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Quarry LP bought a new stake in shares of CoStar Group during the 2nd quarter worth approximately $54,000. Brooklyn Investment Group bought a new stake in shares of CoStar Group during the 3rd quarter worth approximately $91,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CoStar Group during the 2nd quarter worth approximately $104,000. Institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Stephens reiterated an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research note on Thursday, January 2nd. BMO Capital Markets dropped their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.92.

Insider Buying and Selling at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance bought 14,731 shares of CoStar Group stock in a transaction dated Friday, October 25th. The shares were bought at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. This represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $73.85 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The stock’s fifty day moving average price is $74.67 and its two-hundred day moving average price is $75.33. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The firm has a market cap of $30.28 billion, a price-to-earnings ratio of 167.84 and a beta of 0.85.

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