Oppenheimer & Co. Inc. Increases Stock Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Oppenheimer & Co. Inc. lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,906 shares of the technology company’s stock after purchasing an additional 842 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CoStar Group were worth $3,003,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock valued at $96,000 after purchasing an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of CoStar Group in the first quarter valued at about $221,000. Steward Partners Investment Advisory LLC lifted its position in CoStar Group by 497.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company’s stock valued at $511,000 after buying an additional 5,940 shares during the last quarter. Atria Wealth Solutions Inc. lifted 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 valued at $557,000 after buying an additional 176 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in CoStar Group in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CSGP shares. Wells Fargo & Company upped their target price 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 upped their target price 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. William Blair started coverage on shares of CoStar Group in a research report on Friday, February 28th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price 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. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $87.69.

CoStar Group Stock Up 0.3%

Shares of CSGP opened at $81.26 on Thursday. The company’s 50-day simple moving average is $77.83 and its 200-day simple moving average is $76.42. The stock has a market capitalization of $34.28 billion, a PE ratio of 280.21, a P/E/G ratio of 4.08 and a beta of 0.87. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year 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.