First Bank & Trust Purchases 3,893 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

First Bank & Trust lifted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,737 shares of the technology company's stock after purchasing an additional 3,893 shares during the period. First Bank & Trust's holdings in CoStar Group were worth $1,960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CSGP. Meadow Creek Wealth Advisors LLC acquired a new stake in CoStar Group during the 1st quarter valued at approximately $202,000. Phraction Management LLC grew its position in shares of CoStar Group by 47.0% during the first quarter. Phraction Management LLC now owns 14,972 shares of the technology company's stock worth $1,186,000 after buying an additional 4,785 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of CoStar Group by 31.0% in the first quarter. Summit Trail Advisors LLC now owns 9,286 shares of the technology company's stock worth $736,000 after buying an additional 2,197 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in CoStar Group by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 100,515 shares of the technology company's stock valued at $7,964,000 after acquiring an additional 2,263 shares in the last quarter. Finally, Impact Investors Inc bought a new position in CoStar Group during the 1st quarter valued at $207,000. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Bank of America began coverage on shares of CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Keefe, Bruyette & Woods increased their target price on CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a report on Wednesday, April 30th. Stephens raised CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a research report on Monday, June 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 price objective on shares of CoStar Group in a report on Tuesday, June 24th. 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 issued a strong buy rating to the company. According to data from MarketBeat, CoStar Group currently has a consensus rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Stock Up 0.8%

Shares of CSGP stock traded up $0.64 on Friday, hitting $82.06. The company's stock had a trading volume of 1,046,583 shares, compared to its average volume of 2,911,706. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 282.96, a P/E/G ratio of 4.14 and a beta of 0.89. CoStar Group, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $83.68. The firm's fifty day moving average price is $77.92 and its 200-day moving average price is $76.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

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.