CoStar Group (CSGP) Receives Coverage Optimism Rating of 0.10

Media stories about CoStar Group (NASDAQ:CSGP) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoStar Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.3925346401234 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

CoStar Group (NASDAQ:CSGP) traded down $0.79 during trading on Thursday, hitting $294.07. The stock had a trading volume of 173,300 shares, compared to its average volume of 202,587. CoStar Group has a 52 week low of $184.86 and a 52 week high of $314.73. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10,630.00, a P/E ratio of 88.84, a price-to-earnings-growth ratio of 4.49 and a beta of 1.55.

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. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. sell-side analysts predict that CoStar Group will post 3.99 EPS for the current year.

A number of brokerages have weighed in on CSGP. BidaskClub raised CoStar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Needham & Company LLC upped their target price on CoStar Group to $350.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. downgraded CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 target price on the stock. in a research report on Tuesday, December 12th. Goldman Sachs Group initiated coverage on CoStar Group in a research report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price on the stock. Finally, Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $334.67.

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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.

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