Natixis Advisors LLC Acquires 145,715 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Natixis Advisors LLC increased its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 41.7% in the third quarter, Holdings Channel.com reports. The fund owned 495,570 shares of the technology company’s stock after buying an additional 145,715 shares during the quarter. Natixis Advisors LLC’s holdings in CoStar Group were worth $37,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in shares of CoStar Group during the 1st quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Industrial Alliance Investment Management Inc. purchased a new position in CoStar Group during the 2nd quarter worth $49,000. Quarry LP purchased a new position in CoStar Group during the 2nd quarter worth $54,000. Finally, Covestor Ltd increased its holdings in CoStar Group by 43.0% during the 1st quarter. Covestor Ltd now owns 702 shares of the technology company’s stock worth $68,000 after purchasing an additional 211 shares during the period. 96.60% of the stock is owned by institutional investors.

Insider Transactions at CoStar Group

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

CoStar Group Trading Down 5.1 %

Shares of NASDAQ:CSGP opened at $71.25 on Monday. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.21 billion, a PE ratio of 161.94 and a beta of 0.82. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The business’s fifty day simple moving average is $75.82 and its 200-day simple moving average is $77.33.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $692.60 million during the quarter, compared to analysts’ expectations of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. As a group, equities research analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CSGP shares. The Goldman Sachs Group reduced their price objective on CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America reduced their price objective on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup reduced their price objective on CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada downgraded CoStar Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $96.00 to $83.00 in a report on Wednesday, October 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

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.