News coverage about CoStar Group (NASDAQ:CSGP) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CoStar Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.8982384903009 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- CoStar Group, Inc. breached its 50 day moving average in a Bearish Manner : CSGP-US : September 14, 2017 (finance.yahoo.com)
- CoStar Group Inc (CSGP) MACDH Line Holds Below Zero (topactu.net)
- [$$] Matt Damon in Contract to Buy Brooklyn Penthouse (finance.yahoo.com)
- CoStar Group, Inc. (CSGP) Receives “Buy” Rating from SunTrust Banks, Inc. (americanbankingnews.com)
- Have Investors Already Priced In CoStar Group Inc’s (CSGP) Growth? (finance.yahoo.com)
Shares of CoStar Group (NASDAQ:CSGP) traded up 1.16% on Friday, hitting $277.80. The stock had a trading volume of 273,702 shares. The stock’s 50-day moving average price is $280.25 and its 200 day moving average price is $250.05. CoStar Group has a 52 week low of $179.22 and a 52 week high of $287.96. The company has a market cap of $9.12 billion, a PE ratio of 93.25 and a beta of 1.52.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The company had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $234.38 million. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. On average, analysts predict that CoStar Group will post $4.48 EPS for the current year.
Several equities research analysts recently weighed in on CSGP shares. Needham & Company LLC boosted their target price on CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 28th. B. Riley restated a “buy” rating and issued a $325.00 target price on shares of CoStar Group in a report on Wednesday, July 19th. BidaskClub lowered CoStar Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. SunTrust Banks, Inc. boosted their target price on CoStar Group from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 target price for the company in a report on Thursday, June 1st. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $313.67.
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In related news, VP Matthew Linnington sold 1,767 shares of CoStar Group stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Klein sold 20,000 shares of CoStar Group stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $265.01, for a total value of $5,300,200.00. The disclosure for this sale can be found here. Company insiders own 2.98% of the company’s stock.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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