Eurizon Capital SGR S.p.A. acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 64,276 shares of the technology company’s stock, valued at approximately $4,324,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in shares of CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after purchasing an additional 426 shares during the period. NewEdge Advisors LLC raised its holdings in CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after buying an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its stake in CoStar Group by 860.7% in the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after buying an additional 11,370 shares in the last quarter. Empowered Funds LLC lifted its stake in CoStar Group by 9.2% in the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after buying an additional 666 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of CoStar Group by 44.6% in the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the period. Institutional investors own 96.60% of the company’s stock.
CoStar Group Stock Performance
Shares of NASDAQ CSGP opened at $33.86 on Tuesday. The stock has a 50 day moving average price of $36.71 and a 200 day moving average price of $51.23. CoStar Group, Inc. has a 52 week low of $31.35 and a 52 week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $13.83 billion, a PE ratio of 564.43, a price-to-earnings-growth ratio of 0.83 and a beta of 0.72.
Insider Activity at CoStar Group
In related news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.09% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CSGP shares. Keefe, Bruyette & Woods lowered their price objective on shares of CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. BTIG Research reaffirmed a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their target price on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. BMO Capital Markets dropped their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their price objective on CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average price target of $55.94.
Get Our Latest Analysis on CoStar Group
CoStar Group 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.
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