Stifel Financial Corp Buys 6,467 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Stifel Financial Corp grew its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 275,505 shares of the technology company's stock after buying an additional 6,467 shares during the period. Stifel Financial Corp owned 0.07% of CoStar Group worth $19,723,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of CoStar Group by 9.7% during the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock worth $144,000 after purchasing an additional 173 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in CoStar Group by 2.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock valued at $557,000 after acquiring an additional 176 shares during the last quarter. Moran Wealth Management LLC increased its stake in shares of CoStar Group by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after purchasing an additional 180 shares during the last quarter. FWG Holdings LLC lifted its stake in CoStar Group by 3.5% in the 4th quarter. FWG Holdings LLC now owns 6,431 shares of the technology company's stock valued at $494,000 after purchasing an additional 219 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in CoStar Group by 5.2% during the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company's stock worth $317,000 after buying an additional 220 shares during the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Trading Up 1.6 %

NASDAQ:CSGP traded up $1.18 during midday trading on Thursday, reaching $75.35. 1,700,938 shares of the stock traded hands, compared to its average volume of 3,406,287. The company has a fifty day moving average of $78.29 and a 200 day moving average of $76.24. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $92.74. The stock has a market capitalization of $30.90 billion, a P/E ratio of 215.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96.

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

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

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total transaction of $139,745.10. Following the completion of the transaction, the chief accounting officer now directly owns 29,456 shares in the company, valued at approximately $2,353,534.40. This represents a 5.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on CSGP shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a research report on Wednesday. Stephens reaffirmed an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. Citigroup lowered their price target on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, William Blair began coverage on CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, CoStar Group has an average rating of "Moderate Buy" and an average target price of $88.31.

About CoStar Group

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.