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

D.A. Davidson & CO. lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.9% during 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of CoStar Group by 2.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 36,155 shares of the technology company's stock valued at $2,865,000 after purchasing an additional 1,020 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of CoStar Group by 1,505.7% during the 1st quarter. Teacher Retirement System of Texas now owns 61,596 shares of the technology company's stock worth $4,880,000 after acquiring an additional 57,760 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after acquiring an additional 179 shares during the last quarter. Baskin Financial Services Inc. increased its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Baskin Financial Services Inc. now owns 279,646 shares of the technology company's stock worth $22,156,000 after acquiring an additional 1,821 shares during the last quarter. Finally, First Bank & Trust lifted its holdings in CoStar Group by 18.7% during the 1st quarter. First Bank & Trust now owns 24,737 shares of the technology company's stock valued at $1,960,000 after purchasing an additional 3,893 shares during the last quarter. Institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a report on Wednesday, April 30th. Needham & Company LLC upped their target price on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 target price on the stock in a research report on Monday, June 16th. Bank of America assumed coverage on CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price on the stock. Finally, 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. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.69.

CoStar Group Trading Up 1.5%

NASDAQ CSGP traded up $1.23 during trading hours on Tuesday, hitting $82.83. 2,825,905 shares of the company's stock were exchanged, compared to its average volume of 2,908,893. The stock has a 50-day simple moving average of $77.91 and a 200 day simple moving average of $76.82. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $83.68. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 285.62, a PEG ratio of 4.14 and a beta of 0.89. 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.