CoStar Group, Inc. (NASDAQ:CSGP) had its price objective increased by Stephens from $300.00 to $350.00 in a research report report published on Monday morning. The brokerage currently has an overweight rating on the technology company’s stock.
Several other analysts have also issued reports on the stock. SunTrust Banks, Inc. restated a buy rating and issued a $310.00 price objective on shares of CoStar Group in a report on Wednesday, September 13th. BidaskClub lowered shares of CoStar Group from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of CoStar Group from a hold rating to a sell rating in a report on Wednesday, October 4th. Needham & Company LLC boosted their price objective on shares of CoStar Group from $275.00 to $300.00 and gave the company a buy rating in a report on Friday, July 28th. Finally, Bank of America Corporation restated a buy rating and issued a $306.00 price objective on shares of CoStar Group in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. CoStar Group has an average rating of Buy and a consensus price target of $329.00.
Shares of CoStar Group (NASDAQ:CSGP) traded up 0.42% during midday trading on Monday, hitting $295.75. 290,902 shares of the stock traded hands. The company’s 50 day moving average price is $279.66 and its 200-day moving average price is $267.26. CoStar Group has a 12-month low of $179.21 and a 12-month high of $301.04. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 99.28 and a beta of 1.52.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share 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 analysts’ expectations of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. On average, equities research analysts expect that CoStar Group will post $4.69 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. LS Investment Advisors LLC raised its holdings in CoStar Group by 3.5% in the 2nd quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock valued at $186,000 after buying an additional 24 shares during the period. World Asset Management Inc increased its stake in CoStar Group by 1.7% during the second quarter. World Asset Management Inc now owns 1,472 shares of the technology company’s stock worth $388,000 after purchasing an additional 24 shares during the period. Toronto Dominion Bank increased its stake in 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 purchasing an additional 44 shares during the period. Advisor Group Inc. increased its stake in CoStar Group by 3.8% during the second quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after purchasing an additional 54 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in CoStar Group by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.
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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