CoStar Group, Inc. (NASDAQ:CSGP) Stock Holdings Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,256,421 shares of the technology company's stock after selling 14,910 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.31% of CoStar Group worth $89,948,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in CoStar Group by 9.7% during the fourth quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after purchasing an additional 173 shares during the last quarter. Atria Wealth Solutions Inc. grew its position 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 valued at $557,000 after buying an additional 176 shares during the last quarter. Moran Wealth Management LLC raised its stake in CoStar Group by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after acquiring an additional 180 shares during the period. FWG Holdings LLC lifted its holdings in CoStar Group by 3.5% in the fourth quarter. FWG Holdings LLC now owns 6,431 shares of the technology company's stock worth $494,000 after acquiring an additional 219 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in CoStar Group by 5.2% in the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company's stock valued at $317,000 after acquiring an additional 220 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group initiated coverage on CoStar Group in a report on Friday, February 28th. They issued a "buy" rating on the stock. William Blair assumed coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating for the company. Craig Hallum began coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a "buy" rating and a $89.00 target price for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.31.

CoStar Group Price Performance

Shares of CSGP traded up $1.38 during mid-day trading on Friday, hitting $77.96. The company's stock had a trading volume of 3,252,954 shares, compared to its average volume of 2,825,820. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The firm has a 50-day moving average price of $78.28 and a 200 day moving average price of $76.23. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $92.74. The stock has a market capitalization of $31.97 billion, a price-to-earnings ratio of 222.74 and a beta of 0.88.

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, hitting the consensus estimate of $0.22. The firm had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. On average, research analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction that occurred on 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 directly owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.57% of the company's stock.

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.