2,416 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Acquired by Mather Group LLC.

Mather Group LLC. bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,416 shares of the technology company’s stock, valued at approximately $211,000.

A number of other hedge funds also recently modified their holdings of CSGP. Gilbert & Cook Inc. lifted its position in shares of CoStar Group by 14.3% in the fourth quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock worth $1,273,000 after purchasing an additional 1,824 shares in the last quarter. Monumental Financial Group Inc. lifted its position in CoStar Group by 2.6% in the 4th quarter. Monumental Financial Group Inc. now owns 12,890 shares of the technology company’s stock worth $1,126,000 after buying an additional 326 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in CoStar Group by 6.9% in the 4th quarter. Motley Fool Asset Management LLC now owns 11,223 shares of the technology company’s stock worth $981,000 after buying an additional 722 shares in the last quarter. Sandhill Capital Partners LLC boosted its stake in shares of CoStar Group by 1.6% during the 4th quarter. Sandhill Capital Partners LLC now owns 339,446 shares of the technology company’s stock valued at $29,664,000 after buying an additional 5,465 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CoStar Group by 5.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,690 shares of the technology company’s stock valued at $847,000 after acquiring an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSGP shares. BTIG Research initiated coverage on CoStar Group in a research report on Friday, January 19th. They set a “neutral” rating for the company. Needham & Company LLC lifted their price target on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada raised their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.46.

CoStar Group Stock Up 1.6 %

CSGP stock opened at $91.23 on Friday. The stock has a market capitalization of $37.25 billion, a price-to-earnings ratio of 124.97, a price-to-earnings-growth ratio of 10.05 and a beta of 0.84. The company has a 50-day moving average of $90.47 and a two-hundred day moving average of $85.03. CoStar Group, Inc. has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CoStar Group, Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the sale, the chief financial officer now directly owns 303,417 shares in the company, valued at approximately $28,099,448.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the sale, the insider now owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by insiders.

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.