CoStar Group, Inc. (NASDAQ:CSGP) Stock Position Lifted by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 37.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,266 shares of the technology company's stock after purchasing an additional 15,664 shares during the period. Cerity Partners LLC's holdings in CoStar Group were worth $4,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CSGP. Farther Finance Advisors LLC raised its holdings in shares of CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock worth $96,000 after acquiring an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of CoStar Group in the first quarter valued at about $221,000. PFG Investments LLC purchased a new stake in CoStar Group during the first quarter worth about $234,000. Golden State Wealth Management LLC boosted its position in shares of CoStar Group by 6.3% in the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock valued at $268,000 after acquiring an additional 200 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of CoStar Group in the first quarter worth $4,835,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSGP has been the subject of several recent research reports. Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price objective (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a research report on Tuesday, June 24th. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research report on Monday, June 16th. JMP Securities restated a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Finally, Bank of America began coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.46.

CoStar Group Trading Up 0.4%

NASDAQ:CSGP traded up $0.31 during mid-day trading on Monday, hitting $85.01. The company had a trading volume of 2,874,120 shares, compared to its average volume of 2,902,254. The firm has a market cap of $35.86 billion, a P/E ratio of 293.14, a P/E/G ratio of 4.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. The business's fifty day moving average is $79.40 and its two-hundred day moving average is $77.62. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $86.45.

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.