CoStar Group (NASDAQ:CSGP) had its target price hoisted by equities researchers at Needham & Company LLC to $350.00 in a report released on Tuesday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 17.75% from the company’s previous close.
A number of other research firms also recently issued reports on CSGP. BidaskClub downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Stephens boosted their price target 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. Goldman Sachs Group assumed coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price target on the stock. Zacks Investment Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, J P Morgan Chase & Co downgraded shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price target on the stock. in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $334.67.
Shares of CoStar Group (CSGP) traded up $2.39 during mid-day trading on Tuesday, reaching $297.25. 369,000 shares of the company’s stock were exchanged, compared to its average volume of 202,546. 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 one year low of $184.86 and a one year high of $314.73. The stock has a market capitalization of $10,657.86, a P/E ratio of 73.90, a PEG ratio of 4.42 and a beta of 1.55.
Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank grew its holdings in shares of CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of CoStar Group in the second quarter valued at approximately $134,000. First Manhattan Co. acquired a new position in shares of CoStar Group in the third quarter valued at approximately $187,000. Cubist Systematic Strategies LLC acquired a new position in shares of CoStar Group in the second quarter valued at approximately $188,000. Finally, Penserra Capital Management LLC grew its holdings in shares of CoStar Group by 13.0% in the second quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock valued at $219,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.
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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.
