BidaskClub upgraded shares of CoStar Group (NASDAQ:CSGP) from a sell rating to a hold rating in a research note released on Wednesday, December 20th.
Several other research analysts also recently weighed in on CSGP. B. Riley restated a buy rating and set a $335.00 target price on shares of CoStar Group in a research note on Monday, October 2nd. Zacks Investment Research cut CoStar Group from a buy rating to a hold rating in a research report on Tuesday, September 26th. Bank of America reaffirmed a buy rating and set a $306.00 price target on shares of CoStar Group in a research report on Thursday, October 5th. Needham & Company LLC reaffirmed a buy rating and set a $325.00 price target on shares of CoStar Group in a research report on Friday, October 27th. Finally, Stephens lifted their price target on CoStar Group from $300.00 to $350.00 and gave the stock an overweight rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $334.67.
Shares of CoStar Group (NASDAQ CSGP) traded up $4.71 during mid-day trading on Wednesday, hitting $322.02. The company had a trading volume of 239,441 shares, compared to its average volume of 183,991. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market cap of $11,469.33, a price-to-earnings ratio of 97.29, a P/E/G ratio of 3.50 and a beta of 1.56. CoStar Group has a 52-week low of $197.18 and a 52-week high of $322.65.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $243.44 million. During the same period last year, the business posted $1.11 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. equities research analysts anticipate that CoStar Group will post 3.99 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in CoStar Group by 5.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,188 shares of the technology company’s stock worth $12,390,000 after buying an additional 2,401 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in CoStar Group during the 3rd quarter worth approximately $274,000. Bares Capital Management Inc. increased its stake in CoStar Group by 8.4% during the 3rd quarter. Bares Capital Management Inc. now owns 600,005 shares of the technology company’s stock worth $160,951,000 after buying an additional 46,294 shares in the last quarter. California Public Employees Retirement System grew its position in shares of CoStar Group by 14.0% in the third quarter. California Public Employees Retirement System now owns 72,057 shares of the technology company’s stock valued at $19,329,000 after purchasing an additional 8,857 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of CoStar Group by 677.3% in the third quarter. Cubist Systematic Strategies LLC now owns 5,550 shares of the technology company’s stock valued at $1,489,000 after purchasing an additional 4,836 shares in the last quarter. 98.87% of the stock is owned by institutional investors.
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.
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.