Impact Investors Inc Invests $207,000 in CoStar Group, Inc. (NASDAQ:CSGP)

Impact Investors Inc bought a new position in CoStar Group, Inc. (NASDAQ:CSGP) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 2,616 shares of the technology company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Polen Capital Management LLC bought a new stake in shares of CoStar Group during the 4th quarter valued at $465,134,000. Norges Bank bought a new position in CoStar Group during the 4th quarter valued at approximately $390,755,000. Capital International Investors raised its stake in CoStar Group by 44.9% during the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company’s stock valued at $1,004,578,000 after buying an additional 4,345,267 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in CoStar Group by 24.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,415,895 shares of the technology company’s stock worth $459,314,000 after acquiring an additional 1,267,263 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of CoStar Group by 2,181.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,129,307 shares of the technology company’s stock worth $80,847,000 after acquiring an additional 1,079,815 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CSGP shares. Bank of America started coverage on shares of CoStar Group in a research note on Friday, May 30th. They set a “neutral” rating and a $79.00 price objective for the company. Wells Fargo & Company upped their price target on CoStar Group from $63.00 to $65.00 and gave the company an “underweight” rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price target on CoStar Group from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Stephens upgraded CoStar Group to a “strong-buy” rating and set a $105.00 price objective for the company in a report on Monday, June 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.69.

CoStar Group Trading Down 0.4%

CoStar Group stock opened at $80.40 on Tuesday. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $77.94 and its two-hundred day simple moving average is $76.48. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68. The firm has a market cap of $33.92 billion, a PE ratio of 277.24, a P/E/G ratio of 4.07 and a beta of 0.87.

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.