CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,131 shares of the technology company’s stock after buying an additional 26,623 shares during the quarter. Russell Investments Group Ltd.’s holdings in CoStar Group were worth $22,353,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in CoStar Group in the fourth quarter valued at $25,000. ORG Partners LLC lifted its stake in shares of CoStar Group by 534.8% in 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 period. SBI Securities Co. Ltd. acquired a new stake in shares of CoStar Group in the fourth quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CoStar Group during the fourth quarter worth about $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in CoStar Group by 414.4% during 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. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group 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 owns 29,456 shares in the company, valued at $2,353,534.40. This trade represents a 5.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a “buy” rating for the company. Piper Sandler assumed coverage on CoStar Group in a research report on Friday, February 28th. They set an “overweight” rating on the stock. JMP Securities restated a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a research report on Monday, December 16th. William Blair began coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “market perform” rating on the stock. Finally, Citigroup dropped their target price on shares of CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.07.

CoStar Group Trading Down 3.3 %

Shares of CoStar Group stock opened at $73.23 on Wednesday. The firm has a market cap of $30.03 billion, a PE ratio of 209.23 and a beta of 0.88. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $95.71. The business’s fifty day moving average is $77.18 and its two-hundred day moving average is $75.71.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The firm had revenue of $709.40 million for the quarter, compared to analyst estimates of $703.00 million. Analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has authorized a share buyback 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 reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.