Chicago Partners Investment Group LLC Buys 1,999 Shares of CoStar Group, Inc. $CSGP

Chicago Partners Investment Group LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,504 shares of the technology company’s stock after acquiring an additional 1,999 shares during the period. Chicago Partners Investment Group LLC’s holdings in CoStar Group were worth $1,327,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group in the 1st quarter worth $221,000. Generate Investment Management Ltd bought a new position in shares of CoStar Group in the 2nd quarter worth $6,306,000. PFG Investments LLC bought a new position in shares of CoStar Group in the 1st quarter worth $234,000. Red Spruce Capital LLC raised its position in shares of CoStar Group by 37.7% in the 2nd quarter. Red Spruce Capital LLC now owns 21,842 shares of the technology company’s stock worth $1,756,000 after acquiring an additional 5,975 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of CoStar Group by 6.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after acquiring an additional 200 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock worth $4,777,764 in the last 90 days. Company insiders own 1.09% of the company’s stock.

CoStar Group Stock Up 1.3%

CoStar Group stock opened at $74.96 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The business’s 50-day simple moving average is $85.12 and its two-hundred day simple moving average is $82.72. The company has a market cap of $31.76 billion, a PE ratio of 299.84, a PEG ratio of 3.48 and a beta of 0.87. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Equities analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CSGP shares. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Wolfe Research started coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $70.00 target price (up from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

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.