CoStar Group (CSGP) Stock Rating Lowered by BidaskClub

CoStar Group (NASDAQ:CSGP) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. B. Riley restated a “buy” rating and set a $350.00 price objective (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Goldman Sachs Group initiated coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective for the company. SunTrust Banks restated a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stephens raised their price objective on shares of CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CoStar Group has a consensus rating of “Buy” and an average price target of $332.75.

CoStar Group (NASDAQ CSGP) traded down $2.96 during trading hours on Friday, reaching $302.01. 249,332 shares of the company’s stock were exchanged, compared to its average volume of 165,560. The company has a market cap of $11,023.29, a price-to-earnings ratio of 76.43, a P/E/G ratio of 4.57 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group has a 1-year low of $179.21 and a 1-year high of $314.73.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. CoStar Group’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. sell-side analysts anticipate that CoStar Group will post 3.99 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CSGP. Toronto Dominion Bank boosted its holdings in shares of 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 acquiring an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of CoStar Group during the 2nd quarter valued at about $134,000. LS Investment Advisors LLC boosted its holdings in shares of CoStar Group by 3.5% during the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after acquiring an additional 24 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of CoStar Group during the 3rd quarter valued at about $187,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CoStar Group during the 2nd quarter valued at about $188,000. 98.86% of the stock is currently owned by hedge funds and other institutional investors.

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About CoStar Group

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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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