Equities analysts predict that CoStar Group, Inc. (NASDAQ:CSGP) will post sales of $243.97 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for CoStar Group’s earnings, with the highest sales estimate coming in at $245.01 million and the lowest estimate coming in at $241.65 million. CoStar Group reported sales of $212.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that CoStar Group will report full year sales of $243.97 million for the current financial year, with estimates ranging from $952.19 million to $959.89 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.08 billion per share, with estimates ranging from $1.07 billion to $1.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow CoStar Group.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business had revenue of $237.20 million for the quarter, compared to analysts’ expectations of $234.38 million. During the same period last year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis.

A number of research analysts recently commented on CSGP shares. Stephens reissued an “overweight” rating and issued a $275.00 price target (up from $260.00) on shares of CoStar Group in a report on Monday, June 19th. SunTrust Banks, Inc. upped their price objective on CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 price objective on the stock in a report on Thursday, June 1st. BidaskClub cut CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Needham & Company LLC upped their price objective on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $313.67.

CoStar Group (CSGP) opened at 280.40 on Friday. The firm’s 50-day moving average is $280.31 and its 200-day moving average is $247.46. CoStar Group has a 12 month low of $179.21 and a 12 month high of $287.96. The company has a market capitalization of $9.20 billion, a PE ratio of 94.13 and a beta of 1.52.

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In other news, VP Matthew Linnington sold 1,767 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $273.15, for a total transaction of $482,656.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Klein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $265.01, for a total value of $5,300,200.00. The disclosure for this sale can be found here. 2.98% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CSGP. Victory Capital Management Inc. purchased a new stake in CoStar Group during the 1st quarter valued at $1,160,000. Legal & General Group Plc raised its holdings in CoStar Group by 46.5% during the 1st quarter. Legal & General Group Plc now owns 30,209 shares of the technology company’s stock valued at $6,260,000 after buying an additional 9,589 shares during the period. State of Wisconsin Investment Board raised its holdings in CoStar Group by 33.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock valued at $7,318,000 after buying an additional 7,000 shares during the period. BNP Paribas Arbitrage SA raised its holdings in CoStar Group by 275.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,797 shares of the technology company’s stock valued at $580,000 after buying an additional 2,053 shares during the period. Finally, Swiss National Bank raised its holdings in CoStar Group by 27.5% during the 1st quarter. Swiss National Bank now owns 115,500 shares of the technology company’s stock valued at $23,934,000 after buying an additional 24,900 shares during the period. 99.87% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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