Guidance Capital Inc. Takes $889,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

Guidance Capital Inc. acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 11,985 shares of the technology company’s stock, valued at approximately $889,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. E. Ohman J or Asset Management AB acquired a new stake in shares of CoStar Group in the 4th quarter worth $881,000. Trust Point Inc. increased its position in CoStar Group by 206.0% during the fourth quarter. Trust Point Inc. now owns 10,685 shares of the technology company’s stock worth $765,000 after purchasing an additional 7,193 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in CoStar Group during the fourth quarter worth about $1,260,000. CENTRAL TRUST Co boosted its holdings in CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of CoStar Group by 5.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,102 shares of the technology company’s stock valued at $866,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CSGP. JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Keefe, Bruyette & Woods reduced their price objective on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.33.

CoStar Group Stock Up 0.9 %

Shares of NASDAQ CSGP opened at $77.46 on Wednesday. The business has a 50-day moving average price of $74.60 and a 200 day moving average price of $75.42. The stock has a market cap of $31.76 billion, a PE ratio of 176.05 and a beta of 0.87. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

Insider Activity

In related news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.57% 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.