Insider Selling: CoStar Group CEO Sells 54,400 Shares of Stock (CSGP)
CoStar Group (NASDAQ:CSGP) CEO Andrew Florance sold 54,400 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $179.08, for a total transaction of $9,741,952.00. Following the transaction, the chief executive officer now directly owns 293,196 shares of the company’s stock, valued at approximately $52,505,540. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CSGP shares. Analysts at SunTrust raised their price target on shares of CoStar Group from $195.00 to $210.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of CoStar Group from $165.00 to $190.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of CoStar Group from $149.00 to $171.50 in a research note to investors on Tuesday, October 22nd. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CoStar Group presently has an average rating of “Buy” and an average price target of $169.04.
Shares of CoStar Group (NASDAQ:CSGP) traded down 0.71% on Wednesday, hitting $180.04. The stock had a trading volume of 83,561 shares. CoStar Group has a one year low of $76.41 and a one year high of $170.54. The stock’s 50-day moving average is $157.6 and its 200-day moving average is $125.6. The company has a market cap of $4.997 billion and a price-to-earnings ratio of 233.36.
CoStar Group (NASDAQ:CSGP) last released its earnings data on Wednesday, October 23rd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.08. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $111.71 million. During the same quarter last year, the company posted $0.47 earnings per share. CoStar Group’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that CoStar Group will post $2.50 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.