Quotient Wealth Partners LLC Acquires New Position in CoStar Group, Inc. (NASDAQ:CSGP)

Quotient Wealth Partners LLC bought a new position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,591 shares of the technology company's stock, valued at approximately $1,711,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSGP. Hopwood Financial Services Inc. bought a new position in CoStar Group in the 4th quarter worth about $25,000. Wayfinding Financial LLC bought a new position in shares of CoStar Group in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of CoStar Group in the fourth quarter valued at approximately $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of 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 valued at $36,000 after acquiring an additional 402 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in shares of CoStar Group by 27.4% in the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock valued at $48,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Stock Up 1.1%

NASDAQ:CSGP traded up $0.89 during trading hours on Wednesday, reaching $83.72. The company's stock had a trading volume of 163,632 shares, compared to its average volume of 2,902,523. The company has a market cap of $35.32 billion, a price-to-earnings ratio of 288.38, a price-to-earnings-growth ratio of 4.11 and a beta of 0.89. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $84.01. The business's 50-day moving average is $77.92 and its 200-day moving average is $76.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSGP. 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. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price objective for the company in a report on Monday, June 16th. Keefe, Bruyette & Woods increased their price objective on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Bank of America initiated coverage on shares of CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 target price for the company. Finally, Needham & Company LLC raised their target price on shares of CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.69.

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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