Qsemble Capital Management LP Invests $1.43 Million in CoStar Group, Inc. (NASDAQ:CSGP)

Qsemble Capital Management LP purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,360 shares of the technology company's stock, valued at approximately $1,430,000.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of CoStar Group by 21.7% during the fourth quarter. BNP Paribas Financial Markets now owns 417,373 shares of the technology company's stock worth $36,474,000 after buying an additional 74,357 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of CoStar Group during the fourth quarter worth approximately $2,290,000. National Pension Service raised its stake in shares of CoStar Group by 3.0% in the fourth quarter. National Pension Service now owns 937,445 shares of the technology company's stock valued at $81,923,000 after purchasing an additional 27,388 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CoStar Group by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,458,251 shares of the technology company's stock valued at $214,827,000 after purchasing an additional 71,891 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in shares of CoStar Group by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 31,456 shares of the technology company's stock valued at $2,749,000 after purchasing an additional 589 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. William Blair restated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their target price on CoStar Group from $96.00 to $107.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Bank of America upped their target price on CoStar Group from $97.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, March 18th. JMP Securities restated a "market outperform" rating and issued a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Finally, Robert W. Baird upped their target price on CoStar Group from $90.00 to $105.00 and gave the company an "outperform" rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $102.46.

CoStar Group Trading Down 1.6 %

CoStar Group stock traded down $1.46 during mid-day trading on Friday, hitting $89.88. The stock had a trading volume of 1,597,175 shares, compared to its average volume of 2,102,842. The stock has a 50-day simple moving average of $91.10 and a two-hundred day simple moving average of $85.63. The stock has a market capitalization of $36.70 billion, a PE ratio of 123.12, a P/E/G ratio of 10.22 and a beta of 0.84. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analysts' expectations of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. As a group, sell-side analysts forecast that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the transaction, the insider now owns 64,087 shares of the company's stock, valued at $5,938,942.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now owns 303,417 shares of the company's stock, valued at $28,099,448.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Desmarais sold 3,800 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the transaction, the insider now directly owns 64,087 shares in the company, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.58% of the company's stock.

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.

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