Stephens Investment Management Group LLC Buys 125,568 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Stephens Investment Management Group LLC boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 20.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 738,837 shares of the technology company's stock after purchasing an additional 125,568 shares during the quarter. Stephens Investment Management Group LLC owned about 0.18% of CoStar Group worth $58,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in CoStar Group in the first quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings 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 purchasing an additional 402 shares during the period. Colonial Trust Co SC grew its holdings 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 period. CVA Family Office LLC grew its holdings in CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after purchasing an additional 186 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in CoStar Group by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 850 shares of the technology company's stock worth $61,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 96.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSGP shares. Needham & Company LLC upped their price objective 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. Keefe, Bruyette & Woods increased their price target 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. JMP Securities reiterated a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a report on Wednesday, April 30th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a report on Tuesday, June 24th. Finally, Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.69.

CoStar Group Stock Performance

CoStar Group stock traded down $0.62 during midday trading on Friday, reaching $85.43. 2,361,767 shares of the company traded hands, compared to its average volume of 2,902,368. The firm has a market capitalization of $36.04 billion, a price-to-earnings ratio of 294.59, a price-to-earnings-growth ratio of 4.30 and a beta of 0.89. The business has a 50 day moving average of $78.46 and a two-hundred day moving average of $77.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $86.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

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.