Jefferies Financial Group Inc. Purchases 63,948 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Jefferies Financial Group Inc. raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 187.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,108 shares of the technology company's stock after acquiring an additional 63,948 shares during the quarter. Jefferies Financial Group Inc.'s holdings in CoStar Group were worth $7,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. Colonial Trust Co SC boosted its position in shares of CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after purchasing an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP increased its stake in CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after buying an additional 146 shares during the last quarter. Allworth Financial LP increased its stake in CoStar Group by 9.7% in the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after buying an additional 173 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of CoStar Group by 2.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock worth $557,000 after purchasing an additional 176 shares during the last quarter. Finally, 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. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Up 1.2%

NASDAQ:CSGP traded up $0.94 during trading hours on Friday, reaching $76.99. The company had a trading volume of 2,618,802 shares, compared to its average volume of 2,878,674. 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 firm has a market cap of $32.48 billion, a price-to-earnings ratio of 219.97 and a beta of 0.89. The business's 50-day simple moving average is $78.03 and its two-hundred day simple moving average is $76.25. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $87.86.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $709.40 million during 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, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its board has authorized a share repurchase plan on Tuesday, February 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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 on Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSGP. Needham & Company LLC upped their price target 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. Craig Hallum initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "buy" rating for the company. Piper Sandler began coverage on shares of CoStar Group in a report on Friday, February 28th. They set an "overweight" rating for the company. Citigroup dropped their price objective on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group began coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.