WoodTrust Financial Corp Grows Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

WoodTrust Financial Corp grew its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 14.9% during the first quarter, Holdings Channel.com reports. The fund owned 15,400 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. WoodTrust Financial Corp’s holdings in CoStar Group were worth $1,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after acquiring an additional 173 shares during the period. Riverview Trust Co purchased a new stake in shares of CoStar Group in the 1st quarter valued at approximately $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of CoStar Group in the 4th quarter valued at approximately $37,000. Connectus Wealth LLC raised its stake in shares of CoStar Group by 915.0% in the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after acquiring an additional 467,534 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of CoStar Group in the fourth quarter valued at approximately $60,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Desmarais sold 3,800 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the sale, the insider now owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Needham & Company LLC lifted their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 12th. Finally, BMO Capital Markets lifted their price objective on shares of CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Stock Down 0.2 %

Shares of CoStar Group stock traded down $0.12 during trading hours on Friday, hitting $74.14. The company had a trading volume of 6,440,348 shares, compared to its average volume of 2,886,499. The company’s 50-day moving average is $82.78 and its two-hundred day moving average is $85.55. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The company has a market cap of $30.27 billion, a P/E ratio of 101.56, a price-to-earnings-growth ratio of 11.06 and a beta of 0.83.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $649.27 million. Analysts anticipate that CoStar Group, Inc. will post 0.45 earnings per share for the current fiscal 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.