CoStar Group (NASDAQ:CSGP) Given “Overweight” Rating at Stephens

Stephens reaffirmed their overweight rating on shares of CoStar Group (NASDAQ:CSGP) in a research note published on Wednesday, Benzinga reports. They currently have a $105.00 target price on the technology company’s stock.

A number of other research analysts have also issued reports on CSGP. Needham & Company LLC upped their price target on shares of CoStar Group from $90.00 to $107.00 and gave the company a buy rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of CoStar Group from $96.00 to $107.00 and gave the company a buy rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods upped their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, January 19th. They issued a neutral rating on the stock. Finally, Royal Bank of Canada upped their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the company an outperform rating in a report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, CoStar Group currently has a consensus rating of Moderate Buy and a consensus price target of $102.46.

CoStar Group Trading Up 2.6 %

NASDAQ CSGP opened at $92.65 on Wednesday. The company has a quick ratio of 12.01, a current ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group has a 52 week low of $67.35 and a 52 week high of $100.38. The firm has a market cap of $37.83 billion, a PE ratio of 126.92, a price-to-earnings-growth ratio of 10.59 and a beta of 0.84. The company has a 50 day moving average price of $89.77 and a 200 day moving average price of $84.78.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the prior year, the business posted $0.35 EPS. CoStar Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CoStar Group will post 0.43 EPS for the current fiscal year.

Institutional Trading of CoStar Group

A number of hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in CoStar Group by 4.0% during the third quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock worth $1,523,061,000 after buying an additional 761,383 shares in the last quarter. Bamco Inc. NY boosted its holdings in CoStar Group by 0.5% during the third quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock worth $1,476,019,000 after buying an additional 91,399 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CoStar Group by 5.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock worth $920,146,000 after buying an additional 596,595 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in CoStar Group by 6.1% during the third quarter. Artisan Partners Limited Partnership now owns 5,569,718 shares of the technology company’s stock worth $428,256,000 after buying an additional 319,960 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in CoStar Group by 4.1% during the third quarter. Bank of New York Mellon Corp now owns 5,528,098 shares of the technology company’s stock worth $425,056,000 after buying an additional 218,094 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.