<div id="readability-page-1"><p>Gateway Investment Advisers LLC trimmed its position in  CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 29.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 30,311 shares of the technology company's stock after selling 12,766 shares during the quarter. Gateway Investment Advisers LLC's holdings in CoStar Group were worth $2,402,000 at the end of the most recent reporting period.</p><ul><li>Is CoStar Group Stock a Buy Before Earnings? Analysts Think So</li></ul><p>Other hedge funds and other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of  CoStar Group in the 4th quarter valued at $25,000.  SBI Securities Co. Ltd. acquired a new stake in shares of  CoStar Group in the 4th quarter valued at $30,000.  Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of  CoStar Group by 414.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after purchasing an additional 402 shares in the last quarter.  Centricity Wealth Management LLC acquired a new stake in shares of  CoStar Group in the 4th quarter valued at $40,000.  Finally, Private Trust Co. NA raised its holdings in shares of  CoStar Group by 969.5% in the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock valued at $45,000 after purchasing an additional 572 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Ratings Changes</h2><p>CSGP has been the topic of a number of analyst reports. JPMorgan Chase &amp; Co. reduced their price objective on shares of CoStar Group from $99.00 to $87.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, February 19th. Piper Sandler initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They set an &#34;overweight&#34; rating on the stock. Royal Bank of Canada  reiterated a &#34;sector perform&#34; rating and set a $83.00 price target on shares of CoStar Group in a research note on Thursday, April 17th. The Goldman Sachs Group initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They set a &#34;buy&#34; rating on the stock. Finally, Citigroup cut their price target on shares of CoStar Group from $88.00 to $86.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned  a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, CoStar Group presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $87.54.</p><ul><li>3 Stocks Investors Don’t Want to Miss Ahead of Earnings</li></ul><p><b>Get Our Latest Research Report on CoStar Group</b></p><h2>CoStar Group Trading Up 0.4%</h2><p>Shares of CoStar Group stock opened at $78.52 on Monday. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $83.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. The company has a market capitalization of $33.13 billion, a P/E ratio of 224.34 and a beta of 0.87. The company's fifty day moving average is $76.88 and its two-hundred day moving average is $76.31. </p><ul><li>3 Technology Stocks Set to Outperform This Quarter</li></ul><p>CoStar Group announced that its Board of Directors has authorized a stock 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 buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. </p><h2>CoStar Group Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than CoStar Group</li><li>How to Most Effectively Use the MarketBeat Earnings Screener</li><li>Five Below Pops on Strong Earnings, But Rally May Stall</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Intel's Dual Gamble: AI Innovation Now, Foundry Fortunes Later?</li><li>How to Calculate Inflation Rate</li><li>X: 1 Reason to Bet on U.S. Steel, and 1 Reason to Hold Back</li></ul><p><strong>Want to see what other hedge funds are holding CSGP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NHUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1NHUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CoStar Group Right Now?</h2><p>Before you consider CoStar Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoStar Group wasn't on the list.</p><p>While CoStar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CSGP

<p>Gateway Investment Advisers LLC reduced its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 29.6% in Q1, now holding 30,311 shares valued at $2.4 million. Other institutional investors also adjusted their positions. Analysts have mixed ratings on CSGP, with an average rating of "Moderate Buy" and a target price of $87.54. CoStar's stock opened at $78.52, with a market cap of $33.13 billion. The company has authorized a $500 million stock buyback plan, indicating confidence in its valuation.</p>

CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Gateway Investment Advisers LLC