CoStar Group (NASDAQ:CSGP) had its target price raised by stock analysts at B. Riley to $400.00 in a report issued on Tuesday. B. Riley’s target price would suggest a potential upside of 13.60% from the stock’s current price.
Several other research firms also recently commented on CSGP. SunTrust Banks raised their price target on shares of CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Citigroup reissued a “buy” rating and set a $425.00 target price (up previously from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, February 8th. Finally, Wells Fargo & Co set a $400.00 target price on shares of CoStar Group and gave the company a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $370.00.
CoStar Group (NASDAQ:CSGP) opened at $352.11 on Tuesday. The company has a market cap of $12,655.98, a PE ratio of 106.38, a P/E/G ratio of 3.81 and a beta of 1.66. CoStar Group has a 12 month low of $197.18 and a 12 month high of $356.06. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.01. The company had revenue of $253.99 million for the quarter, compared to the consensus estimate of $253.74 million. CoStar Group had a net margin of 13.81% and a return on equity of 7.88%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. analysts forecast that CoStar Group will post 3.84 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in CoStar Group during the 2nd quarter valued at about $188,000. Pacer Advisors Inc. boosted its holdings in shares of CoStar Group by 13.2% in the 3rd quarter. Pacer Advisors Inc. now owns 6,049 shares of the technology company’s stock valued at $1,623,000 after buying an additional 706 shares in the last quarter. American Capital Management Inc. boosted its holdings in shares of CoStar Group by 1.2% in the 4th quarter. American Capital Management Inc. now owns 50,261 shares of the technology company’s stock valued at $14,925,000 after buying an additional 580 shares in the last quarter. Andra AP fonden boosted its holdings in shares of CoStar Group by 92.6% in the 3rd quarter. Andra AP fonden now owns 5,200 shares of the technology company’s stock valued at $1,395,000 after buying an additional 2,500 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of CoStar Group in the 3rd quarter valued at about $274,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.
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About CoStar Group
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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