Shares of CoStar Group Inc (NASDAQ:CSGP) have received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $343.89.
Several brokerages have issued reports on CSGP. Wells Fargo & Co reaffirmed an “outperform” rating and set a $400.00 price objective (up previously from $350.00) on shares of CoStar Group in a report on Thursday. BidaskClub raised CoStar Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Needham & Company LLC raised their price objective on CoStar Group to $350.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. lowered CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective on the stock. in a report on Tuesday, December 12th. Finally, Goldman Sachs Group began coverage on CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGP. Toronto Dominion Bank grew its holdings in shares of CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares during the last quarter. First Manhattan Co. purchased a new position in shares of CoStar Group during the third quarter worth about $187,000. Cubist Systematic Strategies LLC purchased a new position in shares of CoStar Group during the second quarter worth about $188,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of CoStar Group by 54.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 779 shares of the technology company’s stock worth $210,000 after buying an additional 273 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new position in shares of CoStar Group during the third quarter worth about $234,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. CoStar Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. equities analysts expect that CoStar Group will post 3.99 EPS for the current fiscal year.
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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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