Financial Consulate Inc. Reduces Position in CoStar Group, Inc. (NASDAQ:CSGP)

Financial Consulate Inc. lessened its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Rating) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,691 shares of the technology company’s stock after selling 731 shares during the period. Financial Consulate Inc.’s holdings in CoStar Group were worth $285,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of CoStar Group by 43.3% during the second quarter. Lazard Asset Management LLC now owns 493 shares of the technology company’s stock valued at $29,000 after buying an additional 149 shares during the period. FourThought Financial LLC boosted its holdings in shares of CoStar Group by 232.3% in the third quarter. FourThought Financial LLC now owns 432 shares of the technology company’s stock valued at $30,000 after purchasing an additional 302 shares during the period. CVA Family Office LLC boosted its holdings in shares of CoStar Group by 43.4% in the third quarter. CVA Family Office LLC now owns 545 shares of the technology company’s stock valued at $38,000 after purchasing an additional 165 shares during the period. American National Bank purchased a new stake in shares of CoStar Group in the third quarter valued at approximately $51,000. Finally, Huntington National Bank boosted its holdings in shares of CoStar Group by 50.8% in the third quarter. Huntington National Bank now owns 739 shares of the technology company’s stock valued at $51,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the subject of a number of research reports. StockNews.com initiated coverage on CoStar Group in a report on Thursday. They issued a “hold” rating for the company. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of CoStar Group in a report on Wednesday, February 22nd. The Goldman Sachs Group lowered their price target on CoStar Group from $102.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. BMO Capital Markets lowered their price target on CoStar Group from $84.00 to $68.00 and set a “market perform” rating for the company in a report on Wednesday, February 22nd. Finally, Stephens lowered their price target on CoStar Group from $90.00 to $86.00 and set an “overweight” rating for the company in a report on Wednesday, February 22nd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $86.25.

CoStar Group Stock Performance

Shares of CSGP stock opened at $66.93 on Friday. The business’s fifty day simple moving average is $75.03 and its 200-day simple moving average is $76.12. The company has a market cap of $27.23 billion, a PE ratio of 71.97, a PEG ratio of 3.64 and a beta of 0.88. The company has a current ratio of 13.92, a quick ratio of 13.92 and a debt-to-equity ratio of 0.14. CoStar Group, Inc. has a 12-month low of $53.51 and a 12-month high of $85.37.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,600 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $70.36, for a total transaction of $394,016.00. Following the transaction, the insider now directly owns 44,846 shares of the company’s stock, valued at $3,155,364.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

CoStar Group Profile

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CoStar Group, Inc engages in providing online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the Unites States and Canada. The International refers to Europe, Asia-Pacific, and Latin America.