Coldstream Capital Management Inc. Buys 391 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Coldstream Capital Management Inc. grew its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,370 shares of the technology company’s stock after buying an additional 391 shares during the quarter. Coldstream Capital Management Inc.’s holdings in CoStar Group were worth $481,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CSGP. Ashton Thomas Securities LLC purchased a new position in shares of CoStar Group during the 3rd quarter valued at $40,000. Industrial Alliance Investment Management Inc. bought a new stake in CoStar Group during the second quarter valued at about $49,000. Quarry LP bought a new position in shares of CoStar Group in the second quarter worth about $54,000. Rothschild Investment LLC purchased a new stake in shares of CoStar Group during the second quarter worth about $73,000. Finally, Blue Trust Inc. grew its position in shares of CoStar Group by 493.4% during the second quarter. Blue Trust Inc. now owns 1,080 shares of the technology company’s stock worth $80,000 after purchasing an additional 898 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. The trade was a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

Analyst Ratings Changes

CSGP has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research note on Friday, September 6th. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada downgraded shares of CoStar Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $96.00 to $83.00 in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

CoStar Group Stock Down 4.1 %

Shares of NASDAQ:CSGP opened at $75.07 on Friday. The company has a 50-day moving average price of $76.45 and a 200 day moving average price of $75.98. 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, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 170.61 and a beta of 0.83.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company 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 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.