Frontier Capital Management Co. LLC Has $28.25 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Frontier Capital Management Co. LLC lowered its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 394,616 shares of the technology company's stock after selling 15,492 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.10% of CoStar Group worth $28,251,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of CoStar Group during the fourth quarter valued at $25,000. ORG Partners LLC lifted its holdings in shares of CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after purchasing an additional 353 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of CoStar Group in the fourth quarter worth about $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CoStar Group in the fourth quarter worth about $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of CoStar Group by 414.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after buying an additional 402 shares during the period. Institutional investors own 96.60% of the company's stock.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the company's 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 sale, the chief accounting officer now owns 29,456 shares of the company's stock, valued at $2,353,534.40. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.57% of the company's stock.

CoStar Group Stock Up 1.1%

NASDAQ:CSGP traded up $0.81 during mid-day trading on Monday, reaching $75.38. The stock had a trading volume of 3,687,101 shares, compared to its average volume of 2,855,289. The business's 50 day moving average is $78.26 and its 200 day moving average is $76.19. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $90.93. The stock has a market cap of $31.80 billion, a P/E ratio of 215.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63.

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

CoStar Group declared that its board has initiated a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

CSGP has been the subject of several recent analyst reports. Piper Sandler assumed coverage on shares of CoStar Group in a report on Friday, February 28th. They issued an "overweight" rating for the company. Stephens reiterated an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday, February 18th. The Goldman Sachs Group initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a "buy" rating on the stock. JPMorgan Chase & Co. dropped their price target on CoStar Group from $99.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research 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. Based on data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and an average target price of $88.31.

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.