CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,295 shares of the technology company's stock after selling 8,951 shares during the period. Cetera Investment Advisers' holdings in CoStar Group were worth $9,256,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in CoStar Group during the fourth quarter worth about $25,000. ORG Partners LLC increased its stake in shares of CoStar Group by 534.8% during the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of CoStar Group in the fourth quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CoStar Group in the fourth quarter valued at approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after purchasing an additional 402 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Up 0.5%

Shares of CSGP traded up $0.36 during trading on Thursday, reaching $76.05. The company's stock had a trading volume of 2,670,102 shares, compared to its average volume of 2,863,788. The company has a market cap of $32.08 billion, a price-to-earnings ratio of 217.29 and a beta of 0.89. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $78.10 and a two-hundred day moving average of $76.19. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $89.33.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $709.40 million for the quarter, compared to analysts' expectations of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. On average, sell-side analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has authorized a share repurchase program on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSGP. Needham & Company LLC boosted their price objective on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Citigroup dropped their price target on CoStar Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Stephens restated an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. Piper Sandler began coverage on shares of CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating for the company. Finally, Wells Fargo & Company raised their price target on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and a consensus target price of $88.31.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total transaction of $139,745.10. Following the transaction, the chief accounting officer now owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is currently owned by insiders.

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.