CoStar Group (NASDAQ:CSGP) Price Target Increased to $75.00 by Analysts at Truist Financial

CoStar Group (NASDAQ:CSGPGet Rating) had its price target boosted by Truist Financial to $75.00 in a report issued on Wednesday, Stock Target Advisor reports. They currently have an outperform rating on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Needham & Company LLC boosted their target price on shares of CoStar Group from $77.00 to $80.00 and gave the stock a buy rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of CoStar Group from $60.00 to $65.00 and gave the stock an outperform rating in a research note on Monday, April 11th. StockNews.com initiated coverage on shares of CoStar Group in a research note on Thursday, March 31st. They issued a hold rating on the stock. Finally, Citigroup boosted their price objective on shares of CoStar Group from $65.00 to $70.00 in a research note on Wednesday, April 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CoStar Group has a consensus rating of Moderate Buy and an average price target of $79.88.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $69.68 on Wednesday. The company’s 50 day simple moving average is $60.05 and its 200 day simple moving average is $62.82. The stock has a market capitalization of $27.61 billion, a price-to-earnings ratio of 88.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 11.08 and a quick ratio of 11.08. CoStar Group has a 1 year low of $49.00 and a 1 year high of $101.05.

CoStar Group (NASDAQ:CSGPGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. CoStar Group had a net margin of 15.37% and a return on equity of 7.25%. During the same period in the previous year, the business earned $0.22 EPS. As a group, research analysts predict that CoStar Group will post 0.87 EPS for the current fiscal year.

Insider Activity

In other news, Director John W. Hill sold 1,750 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $57.07, for a total transaction of $99,872.50. Following the sale, the director now owns 21,998 shares in the company, valued at approximately $1,255,425.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Michael J. Desmarais sold 1,000 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $63.14, for a total transaction of $63,140.00. Following the transaction, the insider now owns 41,619 shares of the company’s stock, valued at approximately $2,627,823.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Hill sold 1,750 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $57.07, for a total transaction of $99,872.50. Following the transaction, the director now directly owns 21,998 shares in the company, valued at approximately $1,255,425.86. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Large investors have recently added to or reduced their stakes in the company. Ten Capital Wealth Advisors LLC bought a new stake in CoStar Group in the 4th quarter worth $37,000. Amplius Wealth Advisors LLC bought a new stake in CoStar Group in the 4th quarter worth $41,000. Allworth Financial LP grew its holdings in CoStar Group by 16,125.0% in the 1st quarter. Allworth Financial LP now owns 649 shares of the technology company’s stock worth $43,000 after acquiring an additional 645 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in CoStar Group in the 4th quarter worth $53,000. Finally, Harbor Investment Advisory LLC grew its holdings in CoStar Group by 46.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 731 shares of the technology company’s stock worth $44,000 after acquiring an additional 231 shares during the last quarter. Institutional investors own 94.52% of the company’s stock.

CoStar Group Company Profile

(Get Rating)

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. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, 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.

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