CoStar Group Short Interest Up 34.3% in April (CSGP)
CoStar Group (NASDAQ:CSGP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 1,018,929 shares, an increase of 34.3% from the April 15th total of 758,741 shares, Stock Ratings News reports. Based on an average trading volume of 469,907 shares, the short-interest ratio is currently 2.2 days. Approximately 3.7% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at SunTrust cut their price target on shares of CoStar Group from $240.00 to $220.00 in a research note on Monday, April 28th. Separately, analysts at B. Riley raised their price target on shares of CoStar Group from $210.00 to $227.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at William Blair upgraded shares of CoStar Group to a “buy” rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $211.90.
Shares of CoStar Group (NASDAQ:CSGP) opened at 155.10 on Tuesday. CoStar Group has a 52-week low of $110.26 and a 52-week high of $218.17. The stock has a 50-day moving average of $164.4 and a 200-day moving average of $179.6. The company has a market cap of $4.462 billion and a P/E ratio of 104.94.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $119.10 million for the quarter, compared to the consensus estimate of $117.41 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that CoStar Group will post $3.11 earnings per share for the current fiscal year.
CoStar Group, Inc (NASDAQ:CSGP), is a provider of information, analytics and marketing services to the commercial real estate industry in the United States and United Kingdom.
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