CoStar Group (NASDAQ:CSGP) Price Target Raised to $88.00 at BMO Capital Markets

CoStar Group (NASDAQ:CSGP) had its price target lifted by BMO Capital Markets from $84.00 to $88.00 in a research note released on Thursday, Benzinga reports. They currently have a market perform rating on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Robert W. Baird boosted their price objective on shares of CoStar Group from $90.00 to $105.00 and gave the company an outperform rating in a research report on Monday, March 18th. The Goldman Sachs Group boosted their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Stephens reiterated an overweight rating and set a $105.00 price objective on shares of CoStar Group in a research report on Wednesday. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, January 19th. They set a neutral rating on the stock. Finally, Needham & Company LLC boosted their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the company a buy rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $102.46.

CoStar Group Trading Up 2.6 %

Shares of CSGP opened at $92.65 on Thursday. The company’s fifty day moving average is $89.77 and its 200 day moving average is $84.78. CoStar Group has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The stock has a market capitalization of $37.83 billion, a PE ratio of 126.92, a P/E/G ratio of 10.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. CoStar Group’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that CoStar Group will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of CoStar Group

A number of hedge funds have recently added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC lifted its stake in CoStar Group by 6.7% in the first quarter. Foster Victor Wealth Advisors LLC now owns 100,442 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 6,272 shares during the period. Prestige Wealth Management Group LLC lifted its stake in CoStar Group by 7,202.9% in the first quarter. Prestige Wealth Management Group LLC now owns 4,966 shares of the technology company’s stock worth $480,000 after acquiring an additional 4,898 shares during the period. SlateStone Wealth LLC lifted its stake in CoStar Group by 8.5% in the first quarter. SlateStone Wealth LLC now owns 13,208 shares of the technology company’s stock worth $1,276,000 after acquiring an additional 1,034 shares during the period. SYSTM Wealth Solutions LLC lifted its stake in CoStar Group by 10.1% in the first quarter. SYSTM Wealth Solutions LLC now owns 32,381 shares of the technology company’s stock worth $3,128,000 after acquiring an additional 2,974 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in CoStar Group by 9.2% in the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock worth $129,000 after acquiring an additional 113 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

About CoStar Group

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.