CoStar Group (NASDAQ:CSGP) Given New $88.00 Price Target at BMO Capital Markets

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

A number of other research firms have also weighed in on CSGP. Keefe, Bruyette & Woods boosted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. The Goldman Sachs Group boosted their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Jefferies Financial Group increased their price objective on CoStar Group from $85.00 to $95.00 and gave the company a hold rating in a report on Friday, April 12th. William Blair reaffirmed an outperform rating on shares of CoStar Group in a report on Wednesday, April 24th. Finally, BTIG Research started coverage on CoStar Group in a research report on Friday, January 19th. They issued a neutral rating on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, CoStar Group presently has a consensus rating of Moderate Buy and a consensus price target of $102.46.

CoStar Group Stock Up 2.6 %

Shares of CSGP opened at $92.65 on Thursday. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 126.92, a PEG ratio of 10.86 and a beta of 0.84. CoStar Group has a 52 week low of $67.35 and a 52 week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09. The stock has a fifty day moving average of $89.77 and a 200-day moving average of $84.80.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. As a group, sell-side analysts anticipate that CoStar Group will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently modified their holdings of CSGP. Lindbrook Capital LLC increased its stake in shares of CoStar Group by 9.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock valued at $129,000 after acquiring an additional 113 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in CoStar Group by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company’s stock valued at $320,000 after purchasing an additional 121 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in CoStar Group by 4.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock valued at $243,000 after purchasing an additional 123 shares in the last quarter. KB Financial Partners LLC raised its holdings in shares of CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock valued at $63,000 after purchasing an additional 124 shares during the period. Finally, Wealth Alliance boosted its position in shares of CoStar Group by 3.0% during the 4th quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after purchasing an additional 132 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

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.