CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,527 shares of the technology company's stock after selling 4,604 shares during the period. Keybank National Association OH's holdings in CoStar Group were worth $1,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSGP. Moran Wealth Management LLC boosted its stake in shares of CoStar Group by 2.0% during the 3rd 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 raised its holdings in CoStar Group by 9.7% in 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 during the last quarter. Atria Wealth Solutions Inc. raised its holdings in CoStar Group by 2.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock worth $557,000 after buying an additional 176 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in CoStar Group by 1.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company's stock worth $1,443,000 after buying an additional 209 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings 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 during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

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CoStar Group Trading Up 3.3 %

NASDAQ:CSGP traded up $2.53 on Friday, reaching $79.39. 3,740,933 shares of the company's stock were exchanged, compared to its average volume of 3,294,107. 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 capitalization of $32.56 billion, a price-to-earnings ratio of 226.83 and a beta of 0.93. The business has a fifty day moving average of $74.73 and a 200-day 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 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. The company 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%. As a group, analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $83.00 target price on shares of CoStar Group in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $99.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Piper Sandler began coverage on shares of CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating for the company. StockNews.com downgraded shares of CoStar Group from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group started coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.07.

CoStar Group Company 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.