Janney Montgomery Scott LLC purchased a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,031 shares of the technology company's stock, valued at approximately $4,835,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hopwood Financial Services Inc. bought a new position in CoStar Group in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in CoStar Group in the fourth quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in CoStar Group by 414.4% in 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 in the last quarter. Private Trust Co. NA raised its stake in CoStar Group by 969.5% in the fourth quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after buying an additional 572 shares in the last quarter. Finally, Colonial Trust Co SC raised its stake in CoStar Group by 27.4% in 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 in the last quarter. Institutional investors own 96.60% of the company's stock.
Wall Street Analyst Weigh In
CSGP has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective for the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $83.00 price objective on shares of CoStar Group in a research note on Thursday, April 17th. The Goldman Sachs Group initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a research note on Monday, June 16th. Finally, Craig Hallum began coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.69.
Check Out Our Latest Report on CoStar Group
CoStar Group Price Performance
NASDAQ CSGP opened at $79.65 on Monday. The firm has a market capitalization of $33.60 billion, a P/E ratio of 274.66, a P/E/G ratio of 4.01 and a beta of 0.87. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $83.68. The firm's fifty day simple moving average is $77.77 and its two-hundred day simple moving average is $76.33.
About CoStar Group
(
Free Report)
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.
Further Reading
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