Susquehanna Fundamental Investments LLC Invests $1.59 Million in CoStar Group, Inc. (NASDAQ:CSGP)

Susquehanna Fundamental Investments LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,192 shares of the technology company's stock, valued at approximately $1,589,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Three Seasons Wealth LLC bought a new stake in CoStar Group in the fourth quarter worth $224,000. Nebula Research & Development LLC increased its stake in CoStar Group by 30.4% during the 4th quarter. Nebula Research & Development LLC now owns 20,171 shares of the technology company's stock valued at $1,444,000 after purchasing an additional 4,699 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in CoStar Group in the fourth quarter worth about $312,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of CoStar Group by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company's stock valued at $459,314,000 after buying an additional 1,267,263 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of CoStar Group during the fourth quarter valued at approximately $210,000. 96.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group began coverage on CoStar Group in a report on Friday, February 28th. They issued a "buy" rating for the company. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Stephens reissued an "overweight" rating and set a $103.00 price objective on shares of CoStar Group in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "buy" rating and a $89.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their price target on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.31.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded down $1.25 during mid-day trading on Tuesday, reaching $75.85. The stock had a trading volume of 411,751 shares, compared to its average volume of 2,814,819. The company has a market cap of $31.99 billion, a P/E ratio of 216.74 and a beta of 0.89. The business's 50 day moving average price is $78.28 and its 200 day moving average price is $76.20. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $92.74.

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

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 management believes its stock is undervalued.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group 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 transaction, the chief accounting officer now owns 29,456 shares in the company, valued at approximately $2,353,534.40. The trade was a 5.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.57% of the company's stock.

About CoStar Group

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.