Generali Asset Management SPA SGR boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 641.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,880 shares of the technology company’s stock after purchasing an additional 20,661 shares during the quarter. Generali Asset Management SPA SGR’s holdings in CoStar Group were worth $2,015,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC grew its position in shares of CoStar Group by 315.9% during the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after buying an additional 259 shares during the period. Bayforest Capital Ltd bought a new position in CoStar Group during the first quarter worth $29,000. NewSquare Capital LLC grew its holdings in CoStar Group by 35.6% in the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after purchasing an additional 108 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in CoStar Group in the second quarter worth $36,000. Finally, HFM Investment Advisors LLC bought a new stake in CoStar Group in the first quarter valued at $51,000. 96.60% of the stock is currently owned by institutional investors.
CoStar Group Price Performance
Shares of NASDAQ CSGP opened at $65.69 on Friday. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 1,313.80, a PEG ratio of 1.42 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. CoStar Group, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $97.43. The firm’s 50-day simple moving average is $67.92 and its 200 day simple moving average is $79.39.
Analysts Set New Price Targets
A number of research firms have recently issued reports on CSGP. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research report on Thursday, October 9th. BTIG Research began coverage on CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. Wells Fargo & Company set a $60.00 price objective on CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. Finally, Jefferies Financial Group raised CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.
Check Out Our Latest Analysis on CoStar Group
About CoStar Group
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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