Investors sold shares of CoStar Group Inc (NASDAQ:CSGP) on strength during trading on Friday. $21.46 million flowed into the stock on the tick-up and $181.47 million flowed out of the stock on the tick-down, for a money net flow of $160.01 million out of the stock. Of all companies tracked, CoStar Group had the 0th highest net out-flow for the day. CoStar Group traded up $4.21 for the day and closed at $367.80
A number of brokerages have recently commented on CSGP. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $396.00 price objective on the stock in a research note on Tuesday, February 27th. BidaskClub cut shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Needham & Company LLC raised their price objective on shares of CoStar Group to $430.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. B. Riley raised their price objective on shares of CoStar Group to $400.00 in a research note on Tuesday, February 20th. Finally, SunTrust Banks raised their price objective on shares of CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $380.10.
The stock has a market capitalization of $13,275.74, a P/E ratio of 93.59, a PEG ratio of 3.51 and a beta of 1.61.
In related news, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total value of $4,308,689.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott T. Wheeler sold 1,250 shares of CoStar Group stock in a transaction on Monday, March 5th. The shares were sold at an average price of $353.69, for a total transaction of $442,112.50. The disclosure for this sale can be found here. Insiders sold a total of 21,271 shares of company stock worth $7,509,131 in the last three months. 3.09% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. American Capital Management Inc. grew its stake in CoStar Group by 1.2% in the 4th quarter. American Capital Management Inc. now owns 50,261 shares of the technology company’s stock valued at $14,925,000 after acquiring an additional 580 shares during the period. Aperio Group LLC grew its stake in CoStar Group by 29.6% in the 4th quarter. Aperio Group LLC now owns 10,425 shares of the technology company’s stock valued at $3,096,000 after acquiring an additional 2,383 shares during the period. Pacer Advisors Inc. lifted its holdings in CoStar Group by 13.2% in the 3rd quarter. Pacer Advisors Inc. now owns 6,049 shares of the technology company’s stock valued at $1,623,000 after purchasing an additional 706 shares in the last quarter. GSA Capital Partners LLP purchased a new position in CoStar Group in the 3rd quarter valued at $274,000. Finally, IBIS Capital Partners LLP purchased a new position in CoStar Group in the 3rd quarter valued at $5,365,000. 98.57% of the stock is currently owned by hedge funds and other institutional investors.
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CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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