Fullcircle Wealth LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,195 shares of the technology company’s stock, valued at approximately $176,000.
Several other hedge funds have also bought and sold shares of the stock. Emerald Advisers LLC lifted its position in CoStar Group by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after purchasing an additional 110 shares during the last quarter. Wallace Advisory Group LLC lifted its position in CoStar Group by 2.5% during the second quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock valued at $412,000 after purchasing an additional 126 shares during the last quarter. Yousif Capital Management LLC lifted its position in CoStar Group by 0.3% during the second quarter. Yousif Capital Management LLC now owns 49,852 shares of the technology company’s stock valued at $4,008,000 after purchasing an additional 130 shares during the last quarter. MGO One Seven LLC lifted its position in CoStar Group by 5.0% during the second quarter. MGO One Seven LLC now owns 3,006 shares of the technology company’s stock valued at $242,000 after purchasing an additional 143 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in CoStar Group by 5.4% during the second quarter. Fifth Third Wealth Advisors LLC now owns 3,183 shares of the technology company’s stock valued at $256,000 after purchasing an additional 162 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.
CoStar Group Trading Up 0.6%
Shares of CSGP opened at $69.79 on Wednesday. The firm has a market cap of $29.58 billion, a price-to-earnings ratio of 1,395.80, a PEG ratio of 3.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 3.12. CoStar Group, Inc. has a fifty-two week low of $63.82 and a fifty-two week high of $97.43. The firm has a 50 day moving average price of $81.84 and a 200-day moving average price of $82.48.
Insider Activity at CoStar Group
In related news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the transaction, the insider directly owned 293,103 shares of the company’s stock, valued at $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
CSGP has been the subject of several research analyst reports. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. BTIG Research assumed coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.15.
View Our Latest Stock Analysis on CSGP
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.
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