Sage Mountain Advisors LLC Purchases Shares of 4,095 CoStar Group, Inc. (NASDAQ:CSGP)

Sage Mountain Advisors LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,095 shares of the technology company's stock, valued at approximately $324,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after purchasing an additional 360 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of CoStar Group in the 1st quarter worth $221,000. PFG Investments LLC acquired a new stake in shares of CoStar Group in the first quarter valued at $234,000. Golden State Wealth Management LLC boosted its stake in CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock valued at $268,000 after buying an additional 200 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in CoStar Group in the first quarter worth about $4,835,000. Institutional investors and hedge funds own 96.60% of the company's stock.

Analyst Upgrades and Downgrades

CSGP has been the topic of several research reports. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Tuesday, June 24th. Needham & Company LLC boosted their price target on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods increased their price objective on CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.46.

CoStar Group Trading Up 0.3%

NASDAQ:CSGP traded up $0.25 during trading hours on Thursday, hitting $85.39. 1,008,482 shares of the company were exchanged, compared to its average volume of 2,890,814. The stock has a market capitalization of $36.02 billion, a price-to-earnings ratio of 294.28, a price-to-earnings-growth ratio of 4.24 and a beta of 0.89. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $86.45. The company has a fifty day simple moving average of $79.02 and a 200 day simple moving average of $77.35. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12.

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.