Edgestream Partners L.P. Has $7.21 Million Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Edgestream Partners L.P. increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 1,353.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,987 shares of the technology company's stock after acquiring an additional 84,725 shares during the quarter. Edgestream Partners L.P.'s holdings in CoStar Group were worth $7,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CSGP. Wayfinding Financial LLC bought a new stake in CoStar Group in the 1st quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in CoStar Group by 414.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after buying an additional 402 shares during the period. Colonial Trust Co SC boosted its stake in shares of CoStar Group by 27.4% in the 4th 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. CVA Family Office LLC boosted its stake in shares of CoStar Group by 28.3% in the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of CoStar Group by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock valued at $61,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Down 0.4%

NASDAQ:CSGP traded down $0.37 during trading hours on Friday, reaching $84.58. 1,010,016 shares of the stock were exchanged, compared to its average volume of 2,890,170. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $86.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01. The firm has a 50 day moving average of $79.20 and a 200 day moving average of $77.44. The stock has a market cap of $35.68 billion, a PE ratio of 291.80, a PEG ratio of 4.29 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSGP. Bank of America began coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday. Wells Fargo & Company restated an "underweight" rating and issued a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a research note on Wednesday. Needham & Company LLC boosted their target price on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $83.00 target price on shares of CoStar Group in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.46.

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.