CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,655 shares of the technology company's stock after selling 28,096 shares during the quarter. CoStar Group makes up 1.3% of Peregrine Capital Management LLC's portfolio, making the stock its 18th largest position. Peregrine Capital Management LLC owned 0.15% of CoStar Group worth $42,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSGP. Bleakley Financial Group LLC raised its holdings in shares of CoStar Group by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company's stock valued at $652,000 after purchasing an additional 138 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of CoStar Group by 2.0% in 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 shares of CoStar Group by 9.7% in the 4th 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. raised its holdings 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. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of CoStar Group by 1.1% in the 3rd 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. Institutional investors own 96.60% of the company's stock.

Analysts Set New Price Targets

CSGP has been the topic of a number of analyst reports. Stephens reaffirmed an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of CoStar Group from $96.00 to $93.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. StockNews.com downgraded shares of CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. William Blair reissued an "outperform" rating on shares of CoStar Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $99.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

CoStar Group Stock Performance

NASDAQ:CSGP traded down $1.54 during midday trading on Friday, reaching $76.79. The stock had a trading volume of 4,667,016 shares, compared to its average volume of 2,816,777. The firm has a fifty day simple moving average of $73.83 and a two-hundred day simple moving average of $75.39. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. 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 stock has a market cap of $31.48 billion, a P/E ratio of 219.40 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its earnings results on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. The company 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 EPS for the current year.

CoStar Group declared that its board has initiated 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.