Atria Investments Inc Acquires 22,575 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Atria Investments Inc boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 72.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,556 shares of the technology company's stock after buying an additional 22,575 shares during the period. Atria Investments Inc's holdings in CoStar Group were worth $3,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CSGP. Moran Wealth Management LLC lifted its position in shares of CoStar Group by 2.0% during the third quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company's stock valued at $606,000 after purchasing an additional 161 shares in the last quarter. Allworth Financial LP lifted its position in shares of 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 in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of CoStar Group by 2.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock valued at $557,000 after purchasing an additional 176 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of CoStar Group by 1.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company's stock valued at $1,443,000 after purchasing an additional 209 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of CoStar Group by 5.2% during the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company's stock valued at $317,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

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CoStar Group Stock Performance

Shares of CSGP traded up $2.53 during trading hours on Friday, hitting $79.39. The company's stock had a trading volume of 3,740,933 shares, compared to its average volume of 3,294,107. The company has a market cap of $32.56 billion, a price-to-earnings ratio of 226.83 and a beta of 0.93. 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 business has a 50 day simple moving average of $74.73 and a two-hundred day simple moving average of $75.63. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The firm had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has approved a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CSGP shares. Royal Bank of Canada reissued a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research report on Wednesday, February 19th. Citigroup dropped their price target on shares of CoStar Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC decreased their price objective on shares of CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. William Blair began coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "market perform" rating for the company. Finally, JMP Securities restated a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.07.

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.