CoStar Group (CSGP) Given a $400.00 Price Target by Wells Fargo & Co Analysts

CoStar Group (NASDAQ:CSGP) has been given a $400.00 target price by equities researchers at Wells Fargo & Co in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the technology company’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 17.23% from the company’s current price.

Several other research firms have also recently weighed in on CSGP. BidaskClub upgraded CoStar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Stephens boosted their price target on CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Goldman Sachs Group assumed coverage on CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price target for the company. Needham & Company LLC boosted their price target on CoStar Group to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. CoStar Group presently has a consensus rating of “Buy” and an average target price of $341.20.

CoStar Group (NASDAQ CSGP) traded up $4.80 during trading on Thursday, reaching $341.20. The company’s stock had a trading volume of 276,752 shares, compared to its average volume of 175,463. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group has a twelve month low of $197.18 and a twelve month high of $344.66. The company has a market capitalization of $12,332.67, a P/E ratio of 103.08, a price-to-earnings-growth ratio of 3.77 and a beta of 1.56.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $243.44 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. equities analysts expect that CoStar Group will post 3.95 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in CoStar Group by 3.1% during the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock valued at $723,782,000 after acquiring an additional 81,157 shares during the last quarter. Vanguard Group Inc. increased its position in CoStar Group by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock valued at $694,173,000 after acquiring an additional 79,521 shares during the last quarter. BlackRock Inc. increased its position in CoStar Group by 0.5% during the second quarter. BlackRock Inc. now owns 1,554,466 shares of the technology company’s stock valued at $409,755,000 after acquiring an additional 7,555 shares during the last quarter. JPMorgan Chase & Co. increased its position in CoStar Group by 1,019.7% during the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after acquiring an additional 637,278 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in CoStar Group by 6.3% during the third quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock valued at $184,652,000 after acquiring an additional 40,492 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

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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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