CoStar Group, Inc. Expected to Post Q3 2017 Earnings of $0.96 Per Share (CSGP)
CoStar Group, Inc. (NASDAQ:CSGP) – Research analysts at B. Riley issued their Q3 2017 earnings per share (EPS) estimates for shares of CoStar Group in a note issued to investors on Monday. B. Riley analyst M. Crawford anticipates that the technology company will earn $0.96 per share for the quarter. B. Riley has a “Buy” rating and a $335.00 price objective on the stock. B. Riley also issued estimates for CoStar Group’s Q4 2017 earnings at $1.11 EPS, FY2017 earnings at $3.60 EPS, Q1 2018 earnings at $1.11 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.77 EPS and FY2018 earnings at $5.37 EPS.
CSGP has been the subject of a number of other reports. Needham & Company LLC increased their target price on CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. restated a “buy” rating and issued a $310.00 price target on shares of CoStar Group in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Citigroup Inc. set a $320.00 price target on shares of CoStar Group and gave the company a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. CoStar Group currently has an average rating of “Buy” and an average target price of $313.67.
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Shares of CoStar Group (NASDAQ:CSGP) opened at 271.63 on Wednesday. The stock has a market cap of $8.91 billion, a PE ratio of 91.18 and a beta of 1.51. CoStar Group has a 52 week low of $179.22 and a 52 week high of $287.96. The stock has a 50 day moving average of $279.11 and a 200-day moving average of $256.67.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The firm had revenue of $237.20 million during the quarter, compared to analyst estimates of $234.38 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis.
In other news, VP Matthew Linnington sold 1,767 shares of the firm’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 value of $482,656.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.98% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $8,212,000. Ashford Capital Management Inc. raised its holdings in CoStar Group by 2.2% during the 2nd quarter. Ashford Capital Management Inc. now owns 34,487 shares of the technology company’s stock valued at $9,091,000 after buying an additional 732 shares during the period. Toronto Dominion Bank raised its holdings in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after buying an additional 44 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in CoStar Group by 0.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 42,295 shares of the technology company’s stock worth $11,149,000 after buying an additional 126 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in CoStar Group in the second quarter worth $1,121,000. 99.84% of the stock is currently owned by hedge funds and other institutional investors.
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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