CoStar Group, Inc. (NASDAQ:CSGP) CAO Cynthia Cammett Cann Sells 1,310 Shares

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CAO Cynthia Cammett Cann sold 1,310 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.85, for a total transaction of $100,673.50. Following the completion of the transaction, the chief accounting officer now owns 26,485 shares in the company, valued at approximately $2,035,372.25. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Cynthia Cammett Cann also recently made the following trade(s):

• On Monday, March 10th, Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock. The shares were sold at an average price of $79.90, for a total transaction of $139,745.10.

CoStar Group Price Performance

CSGP traded down $1.79 on Tuesday, reaching $78.36. 2,733,748 shares of the company's stock were exchanged, compared to its average volume of 2,547,931. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock has a market cap of $32.14 billion, a PE ratio of 223.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The stock's fifty day moving average price is $75.50 and its 200-day moving average price is $75.68.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The business had revenue of $709.40 million during the quarter, compared to analyst estimates of $703.00 million. Sell-side analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

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CoStar Group declared that its board has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several analyst reports. Piper Sandler began coverage on CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating on the stock. The Goldman Sachs Group initiated coverage on CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. William Blair assumed coverage on CoStar Group in a report on Friday, February 28th. They issued a "market perform" rating for the company. Wells Fargo & Company lowered their price objective on CoStar Group from $65.00 to $63.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CSGP. California State Teachers Retirement System raised its stake in CoStar Group by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 680,585 shares of the technology company's stock worth $48,723,000 after purchasing an additional 5,774 shares during the period. 111 Capital acquired a new position in CoStar Group in the fourth quarter valued at approximately $310,000. Wealth Enhancement Advisory Services LLC increased its stake in CoStar Group by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the technology company's stock worth $1,292,000 after acquiring an additional 1,070 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in CoStar Group in the fourth quarter valued at $9,768,000. Finally, Centaurus Financial Inc. lifted its stake in shares of CoStar Group by 3.6% in the 4th quarter. Centaurus Financial Inc. now owns 21,598 shares of the technology company's stock valued at $1,546,000 after purchasing an additional 756 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Company 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.