D.A. Davidson & CO. Raises Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

D.A. Davidson & CO. raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,289 shares of the technology company's stock after purchasing an additional 4,322 shares during the period. D.A. Davidson & CO.'s holdings in CoStar Group were worth $2,637,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new stake in shares of CoStar Group in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in CoStar Group during the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after buying an additional 402 shares during the last quarter. Colonial Trust Co SC boosted its stake in CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after buying an additional 145 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in CoStar Group by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock worth $61,000 after buying an additional 370 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Trading Up 1.8%

Shares of CSGP stock traded up $1.55 during mid-day trading on Thursday, hitting $86.05. 2,521,596 shares of the company's stock were exchanged, compared to its average volume of 2,908,306. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $86.13. The stock has a 50-day simple moving average of $78.12 and a two-hundred day simple moving average of $76.92. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $36.30 billion, a price-to-earnings ratio of 296.72, a PEG ratio of 4.17 and a beta of 0.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Needham & Company LLC boosted their price objective on CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 price objective on the stock in a report on Monday, June 16th. Royal Bank Of Canada restated a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a report on Tuesday, June 24th. Finally, JMP Securities reissued a "market outperform" rating and issued a $85.00 target price on shares of CoStar Group in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and an average target price 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.