Shares of CoStar Group (NASDAQ:CSGP) have been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $380.10.
A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 21st. B. Riley lifted their price target on shares of CoStar Group to $400.00 in a research report on Tuesday, February 20th. Needham & Company LLC lifted their price target on shares of CoStar Group to $430.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, SunTrust Banks lifted their price objective on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a report on Monday, February 5th.
In related news, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total value of $4,308,689.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 1,250 shares of CoStar Group stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $353.69, for a total transaction of $442,112.50. The disclosure for this sale can be found here. Insiders sold 25,421 shares of company stock valued at $9,009,433 in the last 90 days. Company insiders own 3.09% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. American Capital Management Inc. grew its holdings in CoStar Group by 1.2% during the 4th quarter. American Capital Management Inc. now owns 50,261 shares of the technology company’s stock worth $14,925,000 after acquiring an additional 580 shares in the last quarter. Aperio Group LLC grew its holdings in CoStar Group by 29.6% during the 4th quarter. Aperio Group LLC now owns 10,425 shares of the technology company’s stock worth $3,096,000 after acquiring an additional 2,383 shares in the last quarter. Bank of Hawaii acquired a new position in CoStar Group during the 4th quarter worth approximately $450,000. GSA Capital Partners LLP acquired a new position in CoStar Group during the 3rd quarter worth approximately $274,000. Finally, IBIS Capital Partners LLP acquired a new position in CoStar Group during the 3rd quarter worth approximately $5,365,000. Institutional investors own 98.56% of the company’s stock.
Shares of CSGP traded down $4.01 during trading on Wednesday, reaching $351.28. 108,736 shares of the company traded hands, compared to its average volume of 235,862. CoStar Group has a twelve month low of $201.43 and a twelve month high of $378.57. The stock has a market cap of $12,824.09, a PE ratio of 90.77, a P/E/G ratio of 3.39 and a beta of 1.52.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The business had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $253.74 million. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. equities analysts forecast that CoStar Group will post 6.25 earnings per share for the current year.
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CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
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