Shares of CoStar Group Inc (NASDAQ:CSGP) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $343.89.
Several research firms have recently issued reports on CSGP. Wells Fargo & Co set a $400.00 price objective on CoStar Group and gave the stock a “buy” rating in a report on Thursday. BidaskClub upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Needham & Company LLC raised their price objective on CoStar Group to $350.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. cut CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective on the stock. in a report on Tuesday, December 12th. Finally, Goldman Sachs Group began coverage on CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock.
CoStar Group (NASDAQ:CSGP) traded up $0.75 during mid-day trading on Friday, hitting $341.95. The stock had a trading volume of 151,774 shares, compared to its average volume of 222,036. CoStar Group has a 1-year low of $197.18 and a 1-year high of $344.66. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $12,332.84, a PE ratio of 103.31, a price-to-earnings-growth ratio of 3.77 and a beta of 1.56.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $243.44 million. During the same quarter last year, the firm earned $1.11 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. sell-side analysts forecast that CoStar Group will post 3.95 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CSGP. Janus Henderson Group PLC raised its position in shares of CoStar Group by 2,015.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after buying an additional 2,493,281 shares during the period. JPMorgan Chase & Co. raised its position in shares of CoStar Group by 1,019.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after buying an additional 637,278 shares during the period. Citadel Advisors LLC raised its position in shares of CoStar Group by 947.8% in the 3rd quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after buying an additional 132,177 shares during the period. Balyasny Asset Management LLC raised its position in shares of CoStar Group by 773.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock worth $28,559,000 after buying an additional 95,933 shares during the period. Finally, First Trust Advisors LP raised its position in shares of CoStar Group by 2,599.7% in the 3rd quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock worth $23,906,000 after buying an additional 85,817 shares during the period. 98.88% of the stock is currently owned by institutional investors and hedge funds.
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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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