CoStar Group, Inc. (NASDAQ:CSGP) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 12.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 752,887 shares of the technology company's stock after purchasing an additional 83,901 shares during the period. TimesSquare Capital Management LLC owned approximately 0.18% of CoStar Group worth $59,651,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSGP. Colonial Trust Co SC lifted its position in shares of CoStar Group by 27.4% during the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after buying an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP raised its position in CoStar Group by 0.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock valued at $2,105,000 after purchasing an additional 146 shares during the last quarter. Aurora Investment Managers LLC. raised its position in CoStar Group by 0.7% in the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock valued at $1,771,000 after purchasing an additional 164 shares during the last quarter. First Horizon Advisors Inc. raised its position in CoStar Group by 5.0% in the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock valued at $297,000 after purchasing an additional 179 shares during the last quarter. Finally, CVA Family Office LLC raised its position in CoStar Group by 28.3% in the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CSGP shares. Needham & Company LLC upped their price target on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. 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 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $93.00 to $95.00 and gave the company an "outperform" rating in a research 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 research report on Monday, June 16th. Finally, JMP Securities restated a "market outperform" rating and set a $85.00 price objective on shares of CoStar Group in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.08.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded up $1.05 on Wednesday, reaching $85.14. 1,996,045 shares of the company were exchanged, compared to its average volume of 2,893,144. 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 1-year low of $68.26 and a 1-year high of $86.45. The firm has a market cap of $35.92 billion, a price-to-earnings ratio of 293.59, a price-to-earnings-growth ratio of 4.31 and a beta of 0.89. The company has a 50-day moving average of $78.82 and a 200-day moving average of $77.29.

About CoStar Group

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.