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

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $102.46.

A number of analysts recently weighed in on CSGP shares. BTIG Research initiated coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating on the stock. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, April 24th. Jefferies Financial Group raised their target price on CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Citigroup boosted their price target on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th.

CoStar Group Price Performance

Shares of CSGP stock opened at $92.46 on Wednesday. The company has a market capitalization of $37.76 billion, a P/E ratio of 126.66, a P/E/G ratio of 10.21 and a beta of 0.84. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. CoStar Group has a 12 month low of $67.35 and a 12 month high of $100.38. The stock has a 50 day moving average of $90.90 and a two-hundred day moving average of $85.44.

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, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. As a group, equities analysts expect that CoStar Group will post 0.45 EPS for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the transaction, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at $28,099,448.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Michael J. Desmarais sold 3,800 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the sale, the insider now owns 64,087 shares in the company, valued at $5,938,942.29. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares in the company, valued at approximately $28,099,448.37. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by company insiders.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Concurrent Investment Advisors LLC boosted its stake in shares of CoStar Group by 4.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock valued at $242,000 after purchasing an additional 112 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in CoStar Group by 9.2% in the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock valued at $129,000 after buying an additional 113 shares during the period. Checchi Capital Advisers LLC boosted 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 acquiring an additional 121 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in CoStar Group by 4.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock worth $243,000 after acquiring an additional 123 shares during the period. Finally, KB Financial Partners LLC grew its holdings in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after acquiring an additional 124 shares during the period. 96.60% of the stock is 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.