CoStar Group, Inc. (NASDAQ:CSGP) Given Average Rating of “Moderate Buy” by Analysts

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $100.08.

A number of analysts have commented on CSGP shares. BMO Capital Markets decreased their target price on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Needham & Company LLC decreased their target price on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Bank of America boosted their target price on CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods boosted their target price on CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their target price on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th.

Hedge Funds Weigh In On CoStar Group

A number of large investors have recently modified their holdings of CSGP. Raymond James Financial Services Advisors Inc. raised its holdings in shares of CoStar Group by 111.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 8,253 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of CoStar Group by 504.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock valued at $125,000 after buying an additional 1,564 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of CoStar Group in the first quarter valued at about $1,427,000. Panagora Asset Management Inc. grew its stake in shares of CoStar Group by 10.6% in the first quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock valued at $800,000 after buying an additional 1,152 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of CoStar Group by 32.3% in the first quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock valued at $392,000 after buying an additional 1,435 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Trading Down 2.6 %

NASDAQ:CSGP opened at $90.34 on Friday. The firm has a market cap of $36.90 billion, a P/E ratio of 98.20, a PEG ratio of 10.24 and a beta of 0.84. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $88.86 and its 200-day simple moving average is $84.08. CoStar Group has a 12-month low of $67.35 and a 12-month high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts anticipate that CoStar Group will post 0.44 EPS for the current year.

CoStar Group Company Profile

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