Insider Selling: CoStar Group Director Sells 3,242 Shares of Stock (CSGP)
CoStar Group (NASDAQ:CSGP) Director Christopher J. Nassetta unloaded 3,242 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $148.11, for a total value of $480,172.62. Following the completion of the sale, the director now directly owns 23,104 shares in the company, valued at approximately $3,421,933. The sale was disclosed in a filing with the SEC, which is available at this link.
CoStar Group (NASDAQ:CSGP) traded down 1.86% on Wednesday, hitting $145.40. 189,314 shares of the company’s stock traded hands. CoStar Group has a one year low of $138.49 and a one year high of $218.17. The stock has a 50-day moving average of $145.7 and a 200-day moving average of $166.8. The company has a market cap of $4.697 billion and a P/E ratio of 101.97.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.04. Analysts expect that CoStar Group will post $3.09 EPS for the current fiscal year.
CSGP has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of CoStar Group in a research note on Monday, August 18th. They set a “buy” rating and a $180.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of CoStar Group in a research note on Wednesday, August 13th. They set a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of CoStar Group from an “underperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $144.70 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CoStar Group presently has an average rating of “Buy” and an average target price of $198.10.
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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