6,404 Shares in CoStar Group, Inc. (NASDAQ:CSGP) Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,404 shares of the technology company’s stock, valued at approximately $458,000.

Other large investors have also bought and sold shares of the company. ORG Partners LLC boosted its position in shares of CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in CoStar Group during the fourth quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of CoStar Group during the 4th quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after buying an additional 513 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of CoStar Group in the 3rd quarter worth about $40,000. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

CSGP has been the topic of several research reports. Piper Sandler began coverage on shares of CoStar Group in a research note on Friday, February 28th. They set an “overweight” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 price target on shares of CoStar Group in a research report on Wednesday, February 19th. JMP Securities reaffirmed a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on CoStar Group in a report on Friday, February 28th. They issued a “buy” rating on the stock. Finally, Citigroup reduced their price target on CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.07.

CoStar Group Stock Performance

Shares of CSGP stock opened at $79.39 on Monday. The firm has a market capitalization of $32.56 billion, a PE ratio of 226.83 and a beta of 0.93. The company has a 50 day moving average price of $74.73 and a 200-day moving average price of $75.63. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week 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.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $709.40 million during 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, equities research analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.