Aureus Asset Management LLC Invests $21.11 Million in CoStar Group, Inc. (NASDAQ:CSGP)

Aureus Asset Management LLC acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 279,807 shares of the technology company's stock, valued at approximately $21,109,000. CoStar Group makes up 1.4% of Aureus Asset Management LLC's holdings, making the stock its 28th biggest holding. Aureus Asset Management LLC owned about 0.07% of CoStar Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Industrial Alliance Investment Management Inc. acquired a new stake in CoStar Group during the second quarter worth $49,000. Quarry LP purchased a new stake in CoStar Group in the second quarter valued at $54,000. Rothschild Investment LLC acquired a new position in shares of CoStar Group in the 2nd quarter valued at $73,000. Finally, Blue Trust Inc. grew its holdings in shares of CoStar Group by 493.4% during the 2nd quarter. Blue Trust Inc. now owns 1,080 shares of the technology company's stock worth $80,000 after purchasing an additional 898 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Stock Down 1.6 %

Shares of NASDAQ:CSGP traded down $1.27 during trading hours on Monday, reaching $80.07. The stock had a trading volume of 1,514,103 shares, compared to its average volume of 2,393,539. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The firm's 50 day moving average is $75.86 and its 200-day moving average is $76.50. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 184.87 and a beta of 0.82. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating 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 company had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. Research analysts predict that CoStar Group, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CSGP has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of CoStar Group in a research report on Tuesday, November 19th. StockNews.com lowered shares of CoStar Group from a "hold" rating to a "sell" rating in a report on Monday, October 28th. JMP Securities reiterated a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a report on Friday, September 6th. JPMorgan Chase & Co. cut their target price on CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on CoStar Group from $97.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. 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. According to MarketBeat.com, CoStar Group has an average rating of "Moderate Buy" and an average target price of $93.25.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance acquired 14,731 shares of the stock in a transaction on Friday, October 25th. The shares were bought at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the acquisition, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Desmarais sold 5,500 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

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.