CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CoStar Group, Inc. (NASDAQ:CSGPGet Free Report) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $93.25.

A number of analysts have recently commented on the company. BMO Capital Markets dropped their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. JMP Securities restated a “market outperform” rating and set a $90.00 price objective on shares of CoStar Group in a report on Friday, September 6th. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Citigroup lowered their price target on CoStar Group from $97.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a report on Tuesday, November 19th.

Check Out Our Latest Analysis on CSGP

Insider Transactions at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 14,731 shares of the business’s stock in a transaction on Friday, October 25th. The shares were purchased at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. The trade was a 1.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 71,633 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the transaction, the director now directly owns 1,913,501 shares in the company, valued at $142,919,389.69. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

A number of large investors have recently bought and sold shares of CSGP. Ashton Thomas Securities LLC bought a new position in CoStar Group in the third quarter worth about $40,000. Industrial Alliance Investment Management Inc. bought a new position in CoStar Group in the second quarter worth about $49,000. Quarry LP bought a new position in CoStar Group in the second quarter worth about $54,000. Rothschild Investment LLC acquired a new stake in shares of CoStar Group in the second quarter valued at approximately $73,000. Finally, Blue Trust Inc. increased its stake in shares of CoStar Group by 493.4% in the second quarter. Blue Trust Inc. now owns 1,080 shares of the technology company’s stock valued at $80,000 after purchasing an additional 898 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 3.6 %

CSGP stock opened at $79.81 on Friday. The company has a market cap of $32.72 billion, a price-to-earnings ratio of 181.39 and a beta of 0.82. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $75.49 and a 200-day simple moving average of $76.88. CoStar Group has a 52 week low of $68.26 and a 52 week high of $100.38.

CoStar Group (NASDAQ:CSGPGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities research analysts expect that CoStar Group will post 0.52 EPS for the current year.

CoStar Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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