CoStar Group, Inc. (CSGP) Given Average Rating of “Buy” by Brokerages
Shares of CoStar Group, Inc. (NASDAQ:CSGP) have earned an average recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $311.83.
A number of brokerages recently commented on CSGP. B. Riley reaffirmed a “buy” rating and issued a $325.00 price target on shares of CoStar Group in a report on Wednesday, July 19th. Citigroup Inc. set a $320.00 price target on shares of CoStar Group and gave the company a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “strong-buy” rating and set a $317.00 price target for the company in a report on Tuesday, August 1st. Needham & Company LLC increased their price target on shares of CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, SunTrust Banks, Inc. increased their price target on shares of CoStar Group from $275.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 5th.
In other CoStar Group news, VP Matthew Linnington sold 1,767 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.98% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CSGP. Toronto Dominion Bank lifted its stake in CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after purchasing an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in CoStar Group in the second quarter worth about $134,000. LS Investment Advisors LLC lifted its stake in CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after purchasing an additional 24 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in CoStar Group in the second quarter worth about $188,000. Finally, Capstone Asset Management Co. bought a new stake in CoStar Group in the second quarter worth about $211,000. 91.76% of the stock is owned by institutional investors and hedge funds.
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Shares of CoStar Group (NASDAQ:CSGP) opened at 279.29 on Wednesday. CoStar Group has a 52 week low of $179.22 and a 52 week high of $287.96. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 93.75 and a beta of 1.51. The firm’s 50-day moving average price is $278.42 and its 200 day moving average price is $259.19.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, beating the 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 business had revenue of $237.20 million during the quarter, compared to the consensus estimate of $234.38 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, equities research analysts forecast that CoStar Group will post $4.44 EPS for the current year.
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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