Davidson Kahn Capital Management LLC Purchases 6,578 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Davidson Kahn Capital Management LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,090 shares of the technology company's stock after buying an additional 6,578 shares during the period. CoStar Group comprises about 2.4% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Davidson Kahn Capital Management LLC's holdings in CoStar Group were worth $3,176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $96,000 after purchasing an additional 360 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of CoStar Group during the first quarter worth $221,000. Steward Partners Investment Advisory LLC boosted its position in shares of CoStar Group by 497.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock worth $511,000 after acquiring an additional 5,940 shares during the last quarter. Allworth Financial LP raised its stake in CoStar Group by 9.7% during the fourth quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after purchasing an additional 173 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in CoStar Group during the first quarter valued at $234,000. Institutional investors own 96.60% of the company's stock.

CoStar Group Price Performance

CSGP stock traded down $0.74 during trading on Friday, hitting $80.76. The company had a trading volume of 3,549,432 shares, compared to its average volume of 2,910,332. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $83.68. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 278.48, a P/E/G ratio of 4.11 and a beta of 0.87. The business has a 50 day moving average of $77.89 and a 200 day moving average of $76.47.

Wall Street Analyst Weigh In

CSGP has been the topic of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research note on Wednesday, April 30th. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. William Blair assumed coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "market perform" rating for the company. Wells Fargo & Company raised their price target on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler assumed coverage on shares of CoStar Group in a report on Friday, February 28th. They set an "overweight" rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CoStar Group has an average rating of "Moderate Buy" and an average price target of $87.69.

CoStar Group 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.