Copperwynd Financial LLC Makes New Investment in CoStar Group, Inc. (NASDAQ:CSGP)

Copperwynd Financial LLC purchased a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,082 shares of the technology company's stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Colonial Trust Co SC lifted its position in CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after purchasing an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP lifted its position in CoStar Group by 0.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after purchasing an additional 146 shares during the last quarter. Aurora Investment Managers LLC. lifted its position in CoStar Group by 0.7% during the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after purchasing an additional 164 shares during the last quarter. First Horizon Advisors Inc. lifted its position in CoStar Group by 5.0% during the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock valued at $297,000 after purchasing an additional 179 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in CoStar Group by 28.3% during the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 96.60% of the company's stock.

Wall Street Analyst Weigh In

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

CoStar Group Price Performance

NASDAQ:CSGP traded up $0.51 during trading hours on Monday, hitting $85.21. The company's stock had a trading volume of 1,151,933 shares, compared to its average volume of 2,895,887. The business's 50-day moving average is $79.40 and its two-hundred day moving average is $77.62. The company has a market capitalization of $35.95 billion, a PE ratio of 294.16, a PEG 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. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $86.45.

CoStar Group Company 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.