CoStar Group, Inc. (NASDAQ:CSGP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $87.69.

Several research firms recently commented on CSGP. JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. Stephens upgraded CoStar Group to a “strong-buy” rating and set a $105.00 price objective on the stock in a report on Monday, June 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research report on Tuesday, June 24th. Needham & Company LLC upped their price target on CoStar Group from $87.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Bank of America initiated coverage on shares of CoStar Group in a research note on Friday, May 30th. They issued a “neutral” rating and a $79.00 price target on the stock.

CoStar Group Trading Up 0.8%

Shares of NASDAQ:CSGP opened at $82.06 on Monday. CoStar Group has a 52 week low of $68.26 and a 52 week high of $83.68. The company’s 50 day moving average is $77.92 and its two-hundred day moving average is $76.75. The company has a market cap of $34.62 billion, a PE ratio of 282.96, a P/E/G ratio of 4.14 and a beta of 0.89. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of CoStar Group by 42.4% during the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company’s stock worth $96,000 after purchasing an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in CoStar Group during the 1st quarter worth $221,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of CoStar Group by 497.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company’s stock valued at $511,000 after acquiring an additional 5,940 shares in the last quarter. PFG Investments LLC acquired a new position in shares of CoStar Group during the first quarter worth about $234,000. Finally, Golden State Wealth Management LLC increased its stake in shares of CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company’s stock worth $268,000 after acquiring an additional 200 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.