Aigen Investment Management LP Takes $323,000 Position in CoStar Group, Inc. (NASDAQ:CSGP)

Aigen Investment Management LP bought a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,507 shares of the technology company's stock, valued at approximately $323,000.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CSGP. William Blair began coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "market perform" rating on the stock. Wells Fargo & Company dropped their price objective on shares of CoStar Group from $65.00 to $63.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $83.00 price objective on shares of CoStar Group in a report on Wednesday, February 19th. Needham & Company LLC decreased their target price on shares of CoStar Group from $100.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, Stephens reiterated an "overweight" rating and issued a $103.00 target price on shares of CoStar Group in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.07.

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CoStar Group Price Performance

NASDAQ:CSGP traded up $2.53 during trading hours on Friday, reaching $79.39. 3,740,933 shares of the company were exchanged, compared to its average volume of 3,294,107. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average is $74.73 and its 200-day moving average is $75.63. The firm has a market cap of $32.56 billion, a PE ratio of 226.83 and a beta of 0.93. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $709.40 million during the quarter, compared to analysts' expectations of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has approved a share buyback plan on Tuesday, February 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.