CoStar Group (NASDAQ:CSGP) had its price target boosted by investment analysts at Needham & Company LLC to $350.00 in a note issued to investors on Tuesday, December 19th, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 10.30% from the company’s previous close.
A number of other research firms have also issued reports on CSGP. BidaskClub lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Stephens increased their price target on shares of CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Goldman Sachs Group initiated coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock. Zacks Investment Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price target on the stock. in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $334.67.
CoStar Group (NASDAQ CSGP) traded up $2.87 during trading hours on Tuesday, hitting $317.31. 115,300 shares of the stock traded hands, compared to its average volume of 242,177. CoStar Group has a one year low of $194.00 and a one year high of $317.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market cap of $11,470.00, a price-to-earnings ratio of 95.86, a price-to-earnings-growth ratio of 3.44 and a beta of 1.55.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $243.44 million. During the same period last year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. equities analysts forecast that CoStar Group will post 3.99 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in CoStar Group during the second quarter worth $188,000. State of Wisconsin Investment Board boosted its stake in CoStar Group by 33.7% during the second quarter. State of Wisconsin Investment Board now owns 27,761 shares of the technology company’s stock worth $7,318,000 after buying an additional 7,000 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in CoStar Group during the second quarter worth $2,515,000. Victory Capital Management Inc. boosted its stake in CoStar Group by 21.5% during the second quarter. Victory Capital Management Inc. now owns 6,802 shares of the technology company’s stock worth $1,793,000 after buying an additional 1,202 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in CoStar Group by 13.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,324 shares of the technology company’s stock worth $2,458,000 after buying an additional 1,135 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.
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CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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