PUREfi Wealth LLC Invests $255,000 in CoStar Group, Inc. (NASDAQ:CSGP)

PUREfi Wealth LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,221 shares of the technology company's stock, valued at approximately $255,000.

A number of other large investors have also recently bought and sold shares of CSGP. Steward Partners Investment Advisory LLC increased its stake in shares of CoStar Group by 497.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock valued at $511,000 after buying an additional 5,940 shares in the last quarter. Allworth Financial LP grew its holdings in 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 acquiring an additional 173 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in CoStar Group by 2.3% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of CoStar Group in the fourth quarter worth about $30,000. Finally, Mutual of America Capital Management LLC raised its stake in shares of CoStar Group by 14.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 57,775 shares of the technology company's stock worth $4,136,000 after acquiring an additional 7,311 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

CSGP opened at $79.89 on Wednesday. The stock has a market cap of $33.70 billion, a P/E ratio of 275.48, a P/E/G ratio of 4.13 and a beta of 0.87. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $77.62 and a 200 day simple moving average of $76.35.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. William Blair started coverage on CoStar Group in a report on Friday, February 28th. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods boosted their target price on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Piper Sandler initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued an "overweight" rating on the stock. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a "buy" rating and a $89.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CoStar Group has an average rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group 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.

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