CoStar Group, Inc. (NASDAQ:CSGP) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC lifted its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 115.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,870 shares of the technology company's stock after buying an additional 3,685 shares during the quarter. Golden State Wealth Management LLC's holdings in CoStar Group were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. Colonial Trust Co SC boosted its stake in shares of CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after acquiring an additional 145 shares in the last quarter. DoubleLine ETF Adviser LP boosted its position in CoStar Group by 0.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after purchasing an additional 146 shares in the last quarter. Aurora Investment Managers LLC. grew its holdings in CoStar Group by 0.7% in the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after purchasing an additional 164 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of CoStar Group by 2.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock valued at $557,000 after buying an additional 176 shares in the last quarter. Finally, Moran Wealth Management LLC raised its stake in shares of CoStar Group by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after buying an additional 180 shares during the period. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Trading Down 0.9%

Shares of NASDAQ CSGP traded down $0.74 during midday trading on Friday, hitting $80.76. The stock had a trading volume of 3,549,432 shares, compared to its average volume of 2,907,353. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $83.68. The company has a market capitalization of $34.07 billion, a price-to-earnings ratio of 278.48, a PEG ratio of 4.09 and a beta of 0.87. The company has a fifty day moving average price of $77.87 and a 200 day moving average price of $76.44.

Wall Street Analysts Forecast Growth

CSGP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 30th. William Blair started coverage on CoStar Group in a research report on Friday, February 28th. They issued a "market perform" rating on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research note on Tuesday. The Goldman Sachs Group began coverage on CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Finally, Piper Sandler assumed coverage on shares of CoStar Group in a research note on Friday, February 28th. They set an "overweight" rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CoStar Group has a consensus rating of "Moderate Buy" and a consensus 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.