CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 53.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,390 shares of the technology company's stock after selling 15,375 shares during the period. Qsemble Capital Management LP's holdings in CoStar Group were worth $1,010,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSGP. Ashton Thomas Securities LLC purchased a new position in shares of CoStar Group during the third quarter worth $40,000. Industrial Alliance Investment Management Inc. acquired a new position in CoStar Group in the 2nd quarter valued at about $49,000. Quarry LP purchased a new stake in CoStar Group during the second quarter worth about $54,000. Rothschild Investment LLC acquired a new stake in shares of CoStar Group during the second quarter worth about $73,000. Finally, Blue Trust Inc. lifted its holdings in 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 buying an additional 898 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Analyst Ratings Changes

CSGP has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered 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 note on Wednesday, October 23rd. StockNews.com cut CoStar Group from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. JMP Securities reaffirmed a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a research report on Friday, September 6th. Finally, Citigroup cut their target price on CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

Insider Buying and Selling

In other news, CEO Andrew C. Florance acquired 14,731 shares of the business's stock in a transaction on Friday, October 25th. The stock was bought at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares in the company, valued at $94,315,527.66. This represents a 1.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. This trade represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

CoStar Group Trading Down 0.4 %

NASDAQ CSGP opened at $79.92 on Wednesday. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $100.38. The firm has a market cap of $32.76 billion, a PE ratio of 181.64 and a beta of 0.82. The firm's fifty day moving average is $75.62 and its two-hundred day moving average is $76.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.53% and a net margin of 6.57%. The firm had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. During the same period in the prior year, the business earned $0.25 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. Analysts expect 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.

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