Peregrine Capital Management LLC Has $58.58 Million Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Peregrine Capital Management LLC increased its stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 23.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 739,397 shares of the technology company's stock after acquiring an additional 140,742 shares during the quarter. CoStar Group makes up 1.9% of Peregrine Capital Management LLC's holdings, making the stock its 8th largest holding. Peregrine Capital Management LLC owned about 0.18% of CoStar Group worth $58,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC increased its position in CoStar Group by 8.2% during the fourth quarter. Private Advisor Group LLC now owns 10,886 shares of the technology company's stock worth $779,000 after acquiring an additional 828 shares during the period. New York Life Investment Management LLC grew its stake in shares of CoStar Group by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 54,782 shares of the technology company's stock worth $3,922,000 after purchasing an additional 446 shares during the period. Oppenheimer & Co. Inc. raised its holdings in CoStar Group by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 37,064 shares of the technology company's stock worth $2,653,000 after purchasing an additional 2,152 shares during the period. Proficio Capital Partners LLC grew its stake in CoStar Group by 8,192.5% in the fourth quarter. Proficio Capital Partners LLC now owns 300,105 shares of the technology company's stock valued at $21,485,000 after acquiring an additional 296,486 shares during the period. Finally, Private Trust Co. NA increased its stake in CoStar Group by 969.5% during the 4th quarter. Private Trust Co. NA now owns 631 shares of the technology company's stock worth $45,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CSGP. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $83.00 price objective on shares of CoStar Group in a research report on Tuesday, June 24th. Needham & Company LLC upped their price target on CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price objective on shares of CoStar Group in a report on Wednesday, April 30th. Wells Fargo & Company increased their target price on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a report on Wednesday, April 30th. Finally, Bank of America started 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Stock Performance

Shares of CoStar Group stock traded up $1.51 during mid-day trading on Tuesday, hitting $81.91. 3,548,581 shares of the stock were exchanged, compared to its average volume of 2,901,277. The company has a 50-day simple moving average of $77.94 and a 200 day simple moving average of $76.48. 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, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68. The company has a market capitalization of $34.56 billion, a P/E ratio of 282.45, a P/E/G ratio of 4.05 and a beta of 0.89.

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.