Generali Asset Management SPA SGR Makes New Investment in CoStar Group, Inc. (NASDAQ:CSGP)

Generali Asset Management SPA SGR bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,312 shares of the technology company's stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. Hopwood Financial Services Inc. purchased a new position in shares of CoStar Group in the 4th quarter worth $25,000. ORG Partners LLC increased its position in shares of CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock worth $30,000 after acquiring an additional 353 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in CoStar Group during the 4th quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CoStar Group during the fourth quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CoStar Group by 17,100.0% in the fourth 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. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Price Performance

CoStar Group stock traded up $0.09 during midday trading on Tuesday, hitting $80.23. The company's stock had a trading volume of 1,607,948 shares, compared to its average volume of 2,544,163. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.64. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $32.90 billion, a PE ratio of 229.23 and a beta of 0.93. The stock's 50-day moving average price is $76.36 and its 200-day moving average price is $75.75.

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

CoStar Group announced that its board has initiated 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSGP shares. Royal Bank of Canada restated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a report on Wednesday, February 19th. William Blair began coverage on shares of CoStar Group in a research report on Friday, February 28th. They set a "market perform" rating on the stock. Stephens reissued an "overweight" rating and issued a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. The Goldman Sachs Group began coverage on CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CoStar Group in a report on Friday, February 28th. They issued a "buy" rating and a $89.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.07.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 1,749 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the sale, the chief accounting officer now owns 29,456 shares of the company's stock, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.57% of the stock is currently owned by company insiders.

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.