National Bank of Canada FI Has $22.12 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

National Bank of Canada FI raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 79.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 293,148 shares of the technology company's stock after purchasing an additional 130,045 shares during the quarter. National Bank of Canada FI owned 0.07% of CoStar Group worth $22,115,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its position in CoStar Group by 9.3% in the second quarter. Sequoia Financial Advisors LLC now owns 5,928 shares of the technology company's stock worth $439,000 after purchasing an additional 504 shares during the period. Diversified Trust Co acquired a new stake in shares of CoStar Group in the 2nd quarter valued at $202,000. V Square Quantitative Management LLC grew its holdings in shares of CoStar Group by 54.5% in the 2nd quarter. V Square Quantitative Management LLC now owns 3,775 shares of the technology company's stock worth $280,000 after purchasing an additional 1,332 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of CoStar Group by 8.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 52,684 shares of the technology company's stock worth $3,906,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in CoStar Group by 248.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company's stock valued at $27,379,000 after purchasing an additional 263,234 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and issued a $90.00 target price on shares of CoStar Group in a research note on Friday, September 6th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of CoStar Group in a research report on Monday. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a "market perform" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada cut shares of CoStar Group from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $96.00 to $83.00 in a research report on Wednesday, October 23rd. 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 data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

CoStar Group Stock Down 2.8 %

Shares of NASDAQ CSGP traded down $2.22 during mid-day trading on Tuesday, reaching $76.43. 1,983,441 shares of the company's stock were exchanged, compared to its average volume of 2,387,260. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $76.26 and a 200 day simple moving average of $76.15. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 173.71 and a beta of 0.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, equities analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance acquired 14,731 shares of the business's stock in a transaction dated Friday, October 25th. The stock was 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 in the company, valued at $94,315,527.66. This represents a 1.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Desmarais sold 5,500 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by 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.