Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) Target Price at $96.38

CoStar Group, Inc. (NASDAQ:CSGP) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $96.38.

A number of equities research analysts recently commented on CSGP shares. StockNews.com downgraded CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Robert W. Baird cut their price objective on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. The Goldman Sachs Group decreased their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of CoStar Group in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on CoStar Group from $109.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th.

Institutional Trading of CoStar Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in CoStar Group in the 1st quarter valued at $31,000. Riverview Trust Co purchased a new position in CoStar Group during the first quarter worth approximately $35,000. RiverPark Advisors LLC purchased a new stake in CoStar Group in the 1st quarter valued at $37,000. Connectus Wealth LLC raised its holdings in shares of CoStar Group by 915.0% during the 4th quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock worth $45,000 after acquiring an additional 467,534 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of CoStar Group during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 0.7 %

Shares of CoStar Group stock opened at $74.04 on Friday. The firm’s 50 day simple moving average is $74.71 and its two-hundred day simple moving average is $83.09. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 101.42, a PEG ratio of 10.90 and a beta of 0.81. CoStar Group has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $677.80 million for the quarter, compared to analyst estimates of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts predict that CoStar Group will post 0.49 EPS for the current year.

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.