CoStar Group (NASDAQ:CSGP) Given New $93.00 Price Target at Keefe, Bruyette & Woods

CoStar Group (NASDAQ:CSGPFree Report) had its price target cut by Keefe, Bruyette & Woods from $96.00 to $93.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a research report on Friday, January 10th. BMO Capital Markets reduced their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Stephens reiterated an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a report on Thursday, January 2nd. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $92.33.

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CoStar Group Stock Up 1.2 %

Shares of CSGP opened at $76.52 on Tuesday. The stock has a fifty day simple moving average of $74.75 and a two-hundred day simple moving average of $75.41. 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 company has a market capitalization of $31.37 billion, a PE ratio of 173.91 and a beta of 0.85. CoStar Group has a 52-week low of $68.26 and a 52-week high of $100.38.

Insider Buying and Selling

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Zone Wealth Advisors LLC lifted its holdings in shares of CoStar Group by 7.9% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 59,673 shares of the technology company’s stock valued at $4,272,000 after purchasing an additional 4,369 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of CoStar Group by 9.7% in the fourth quarter. Allworth Financial LP now owns 1,950 shares of the technology company’s stock valued at $144,000 after acquiring an additional 173 shares in the last quarter. Everhart Financial Group Inc. increased its stake in shares of CoStar Group by 11.1% during the fourth quarter. Everhart Financial Group Inc. now owns 4,827 shares of the technology company’s stock worth $346,000 after acquiring an additional 484 shares during the period. V Square Quantitative Management LLC raised its holdings in CoStar Group by 5.2% during the fourth quarter. V Square Quantitative Management LLC now owns 4,427 shares of the technology company’s stock worth $317,000 after purchasing an additional 220 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in CoStar Group by 1.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,978 shares of the technology company’s stock valued at $20,798,000 after purchasing an additional 5,150 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About CoStar Group

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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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