CSGP has been the topic of several other reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of CoStar Group in a research note on Tuesday, October 1st. Zacks Investment Research downgraded CoStar Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 28th. BidaskClub upgraded CoStar Group from a “sell” rating to a “hold” rating in a report on Wednesday. JMP Securities raised their target price on CoStar Group from $525.00 to $630.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Finally, SunTrust Banks raised their target price on CoStar Group to $650.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. CoStar Group currently has a consensus rating of “Buy” and an average target price of $631.30.
CSGP opened at $583.23 on Friday. The firm has a market cap of $20.69 billion, a P/E ratio of 78.81, a PEG ratio of 4.24 and a beta of 1.34. CoStar Group has a 52 week low of $315.85 and a 52 week high of $639.41. The business’s fifty day simple moving average is $575.26 and its 200 day simple moving average is $569.01.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.09. The business had revenue of $352.81 million for the quarter, compared to analyst estimates of $353.16 million. CoStar Group had a return on equity of 10.55% and a net margin of 23.17%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. On average, research analysts forecast that CoStar Group will post 8.89 earnings per share for the current fiscal year.
In related news, Director Christopher J. Nassetta sold 406 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $570.99, for a total transaction of $231,821.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.14% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CSGP. Crossmark Global Holdings Inc. purchased a new stake in CoStar Group during the 2nd quarter worth approximately $209,000. EFG Asset Management Americas Corp. increased its holdings in CoStar Group by 1.2% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 6,968 shares of the technology company’s stock worth $3,861,000 after purchasing an additional 85 shares during the last quarter. Townsend & Associates Inc increased its holdings in CoStar Group by 9.2% during the 2nd quarter. Townsend & Associates Inc now owns 3,220 shares of the technology company’s stock worth $1,821,000 after purchasing an additional 271 shares during the last quarter. Leisure Capital Management increased its holdings in CoStar Group by 3.6% during the 2nd quarter. Leisure Capital Management now owns 1,854 shares of the technology company’s stock worth $1,027,000 after purchasing an additional 64 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in CoStar Group during the 2nd quarter worth approximately $1,047,000. Institutional investors own 95.01% of the company’s stock.
CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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