Narwhal Capital Management Increases Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Narwhal Capital Management raised its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 67.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,552 shares of the technology company's stock after acquiring an additional 34,827 shares during the period. Narwhal Capital Management's holdings in CoStar Group were worth $6,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CSGP. Colonial Trust Co SC increased its position 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 purchasing an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP increased its holdings in shares of CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after buying an additional 146 shares during the last quarter. Aurora Investment Managers LLC. raised its position in shares of CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after buying an additional 164 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of CoStar Group by 9.7% in the 4th quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock valued at $144,000 after acquiring an additional 173 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in CoStar Group by 2.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,786 shares of the technology company's stock worth $557,000 after acquiring an additional 176 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSGP shares. Piper Sandler started coverage on CoStar Group in a research report on Friday, February 28th. They set an "overweight" rating on the stock. Craig Hallum initiated coverage on CoStar Group in a report on Friday, February 28th. They set a "buy" rating on the stock. Wells Fargo & Company boosted their price objective on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research report on Wednesday, April 30th. Needham & Company LLC increased 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, Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.69.

CoStar Group Stock Up 0.1%

Shares of NASDAQ CSGP opened at $79.65 on Monday. The stock has a 50 day moving average price of $77.77 and a 200 day moving average price of $76.33. The firm has a market capitalization of $33.60 billion, a price-to-earnings ratio of 274.66, a PEG ratio of 4.01 and a beta of 0.87. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $83.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01.

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.

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