CoStar Group (NASDAQ:CSGP) had its target price raised by analysts at Citigroup from $320.00 to $425.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective indicates a potential upside of 24.29% from the stock’s current price.
Other equities analysts have also issued research reports about the company. SunTrust Banks reissued a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $325.00 price target on shares of CoStar Group in a research note on Friday, October 27th. B. Riley reaffirmed a “buy” rating and issued a $350.00 price target (up previously from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Bank of America reaffirmed a “buy” rating and issued a $306.00 price target on shares of CoStar Group in a research note on Thursday, October 5th. Finally, 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 on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $351.70.
CoStar Group (NASDAQ:CSGP) traded up $0.75 during midday trading on Tuesday, reaching $341.95. The company’s stock had a trading volume of 151,700 shares, compared to its average volume of 222,036. The firm has a market capitalization of $12,332.84, a price-to-earnings ratio of 103.31, a P/E/G ratio of 3.77 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. CoStar Group has a one year low of $197.18 and a one year high of $344.66.
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, topping the Zacks’ consensus estimate of $1.13 by $0.28. The company 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%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. equities research analysts predict that CoStar Group will post 3.95 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in CSGP. Toronto Dominion Bank lifted its position in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after acquiring an additional 44 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of CoStar Group during the third quarter worth $103,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of CoStar Group during the second quarter worth $134,000. Penserra Capital Management LLC boosted its holdings in shares of CoStar Group by 100.0% during the third quarter. Penserra Capital Management LLC now owns 576 shares of the technology company’s stock worth $124,000 after purchasing an additional 288 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of CoStar Group during the first quarter worth $124,000. 98.88% of the stock is owned by hedge funds and other institutional investors.
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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.