Fiera Capital Corp Boosts Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Fiera Capital Corp grew its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,967 shares of the technology company's stock after acquiring an additional 8,004 shares during the quarter. Fiera Capital Corp's holdings in CoStar Group were worth $6,712,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of CoStar Group during the first quarter worth approximately $213,000. Empirical Finance LLC raised its stake in shares of CoStar Group by 6.7% during the first quarter. Empirical Finance LLC now owns 8,068 shares of the technology company's stock worth $779,000 after purchasing an additional 504 shares during the last quarter. Empowered Funds LLC raised its stake in shares of CoStar Group by 54.7% during the first quarter. Empowered Funds LLC now owns 6,874 shares of the technology company's stock worth $664,000 after purchasing an additional 2,431 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CoStar Group by 390.8% during the first quarter. SG Americas Securities LLC now owns 99,800 shares of the technology company's stock worth $9,641,000 after purchasing an additional 79,467 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of CoStar Group by 2.4% during the first quarter. Oppenheimer & Co. Inc. now owns 41,356 shares of the technology company's stock worth $3,995,000 after purchasing an additional 978 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CSGP shares. BMO Capital Markets cut their price target on CoStar Group from $78.00 to $75.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Robert W. Baird cut their price objective on CoStar Group from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. JMP Securities reiterated a "market outperform" rating and issued a $90.00 price objective on shares of CoStar Group in a research report on Friday, September 6th. Finally, Royal Bank of Canada cut CoStar Group from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $96.00 to $83.00 in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Price Performance

Shares of CSGP traded up $1.09 during trading hours on Friday, reaching $77.39. 2,277,981 shares of the company traded hands, compared to its average volume of 2,376,772. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The stock has a fifty day simple moving average of $76.06 and a 200 day simple moving average of $78.06.

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 analysts' consensus estimates of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same quarter last year, the company earned $0.25 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts predict that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance purchased 14,731 shares of the firm's stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the purchase, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now directly owns 1,913,501 shares of the company's stock, valued at $142,919,389.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew C. Florance bought 14,731 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares in the company, valued at approximately $94,315,527.66. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is owned by corporate insiders.

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.