Krilogy Financial LLC Has $1.69 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Krilogy Financial LLC raised its position in CoStar Group, Inc. (NASDAQ:CSGP) by 54.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,662 shares of the technology company’s stock after purchasing an additional 8,387 shares during the quarter. Krilogy Financial LLC’s holdings in CoStar Group were worth $1,694,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its holdings in shares of CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after acquiring an additional 353 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in CoStar Group in the 3rd quarter valued at $40,000. Quarry LP acquired a new position in CoStar Group in the second quarter worth $54,000. Brooklyn Investment Group bought a new stake in shares of CoStar Group during the third quarter worth $91,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of CoStar Group by 55.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,374 shares of the technology company’s stock valued at $104,000 after buying an additional 488 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts recently issued reports on CSGP shares. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of CoStar Group in a research note on Monday, December 9th. Citigroup dropped their price objective on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a research report on Thursday, January 2nd. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. One investment 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’s stock. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus target price of $92.92.

CoStar Group Price Performance

Shares of CSGP opened at $73.85 on Friday. The stock has a market cap of $30.28 billion, a P/E ratio of 167.84 and a beta of 0.85. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38. The stock’s 50-day moving average price is $74.67 and its two-hundred day moving average price is $75.33. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share 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 business had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same quarter last year, the firm earned $0.25 EPS. CoStar Group’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

About CoStar Group

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.