D.A. Davidson & CO. Buys 4,322 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

D.A. Davidson & CO. boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,289 shares of the technology company's stock after acquiring an additional 4,322 shares during the quarter. D.A. Davidson & CO.'s holdings in CoStar Group were worth $2,637,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in CoStar Group in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in CoStar Group in the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in CoStar Group by 414.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after acquiring an additional 402 shares during the period. Colonial Trust Co SC lifted its holdings 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of CoStar Group by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock worth $61,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group Trading Down 0.6%

Shares of CSGP stock traded down $0.52 during trading hours on Monday, reaching $81.60. 2,291,415 shares of the stock were exchanged, compared to its average volume of 2,909,224. The firm has a market capitalization of $34.43 billion, a price-to-earnings ratio of 281.38, a price-to-earnings-growth ratio of 4.14 and a beta of 0.89. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $83.68. The company's 50-day moving average price is $77.92 and its 200-day moving average price is $76.75. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America started coverage on shares of CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a report on Tuesday, June 24th. JMP Securities restated a "market outperform" rating and issued a $85.00 price objective on shares of CoStar Group in a research report on Wednesday, April 30th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a research report on Monday, June 16th. Finally, Keefe, Bruyette & Woods boosted their price target on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $87.69.

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.