CoStar Group, Inc. $CSGP Shares Purchased by Fiera Capital Corp

Fiera Capital Corp boosted its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 54.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,331 shares of the technology company’s stock after buying an additional 82,767 shares during the quarter. Fiera Capital Corp’s holdings in CoStar Group were worth $19,771,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CSGP. Integrated Wealth Concepts LLC lifted its position in shares of CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares in the last quarter. NewEdge Advisors LLC raised its stake in CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp raised its stake in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the last quarter. Empowered Funds LLC lifted its holdings in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in shares of CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after purchasing an additional 10,984 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CSGP shares. Wells Fargo & Company set a $48.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday, January 8th. Finally, Needham & Company LLC reduced their target price on CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.18.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $49.87 on Friday. The business has a 50-day moving average of $60.24 and a two-hundred day moving average of $72.62. The firm has a market capitalization of $21.14 billion, a PE ratio of 997.40, a P/E/G ratio of 1.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. CoStar Group, Inc. has a 12 month low of $43.80 and a 12 month high of $97.43.

CoStar Group declared that its Board of Directors has authorized a share repurchase plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.