Insider Selling: Jennifer Kitchen Sells 2,750 Shares of CoStar Group Stock (CSGP)
CoStar Group (NASDAQ:CSGP) VP Jennifer Kitchen sold 2,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $160.85, for a total value of $442,337.50. Following the completion of the sale, the vice president now directly owns 22,220 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CSGP has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of CoStar Group (NASDAQ:CSGP) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $163.70 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of CoStar Group (NASDAQ:CSGP) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 5th. Finally, analysts at SunTrust raised their price target on shares of CoStar Group (NASDAQ:CSGP) from $170.00 to $185.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. CoStar Group has a consensus rating of “Buy” and a consensus price target of $153.43.
Shares of CoStar Group (NASDAQ:CSGP) traded up 1.28% during mid-day trading on Wednesday, hitting $167.69. The stock had a trading volume of 95,520 shares. CoStar Group has a 52 week low of $76.41 and a 52 week high of $165.74. The stock’s 50-day moving average is $155.4 and its 200-day moving average is $124.5. The company has a market cap of $4.800 billion and a P/E ratio of 267.05.
CoStar Group (NASDAQ:CSGP) last released its earnings data on Wednesday, July 24th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.09. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $106.36 million. During the same quarter last year, the company posted $0.39 earnings per share. CoStar Group’s revenue was up 27.9% compared to the same quarter last year. Analysts expect that CoStar Group will post $2.35 EPS for the current fiscal year.
CoStar Group, Inc (NASDAQ:CSGP) is a provider of information, analytics and marketing services to the commercial real estate industry in the United States and United Kingdom.
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