First Foundation Advisors Has $6.52 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

First Foundation Advisors raised its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 34.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,016 shares of the technology company's stock after acquiring an additional 23,248 shares during the quarter. First Foundation Advisors' holdings in CoStar Group were worth $6,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSGP. Allworth Financial LP grew 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 worth $144,000 after buying an additional 173 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of CoStar Group by 2.3% in the 4th 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. Moran Wealth Management LLC lifted its position in shares of 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 purchasing an additional 180 shares during the last quarter. FWG Holdings LLC grew its stake 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 purchasing an additional 219 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings 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 buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

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CoStar Group Price Performance

CSGP traded up $1.00 on Tuesday, reaching $80.53. The company had a trading volume of 1,061,391 shares, compared to its average volume of 3,309,187. The company has a market capitalization of $33.03 billion, a P/E ratio of 230.09 and a beta of 0.88. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $77.27 and a 200-day moving average of $75.80. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $93.94.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has authorized a share buyback program on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSGP has been the subject of several research reports. Needham & Company LLC decreased their target price on CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Craig Hallum started coverage on shares of CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a report on Wednesday, February 19th. JMP Securities reiterated a "market outperform" rating and set a $90.00 price objective on shares of CoStar Group in a research note on Monday, December 16th. Finally, Citigroup decreased their target price on CoStar Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.54.

Insider Activity at CoStar Group

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was 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 $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 available at the SEC website. 1.57% of the stock is currently owned by company insiders.

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.