A number of other brokerages have also recently weighed in on CSGP. BidaskClub raised shares of CoStar Group from a hold rating to a buy rating in a research report on Thursday, January 11th. Stephens upped their price target on shares of CoStar Group from $300.00 to $350.00 and gave the stock an overweight rating in a research report on Monday, October 30th. Goldman Sachs Group assumed coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They set a buy rating and a $359.00 price target for the company. Needham & Company LLC upped their price target on shares of CoStar Group to $350.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. Finally, Zacks Investment Research raised shares of CoStar Group from a strong sell rating to a hold rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. CoStar Group presently has a consensus rating of Buy and a consensus target price of $341.20.
CoStar Group (NASDAQ CSGP) traded up $4.80 during mid-day trading on Thursday, hitting $341.20. The stock had a trading volume of 276,752 shares, compared to its average volume of 175,463. The firm has a market cap of $12,332.67, a P/E ratio of 103.08, a price-to-earnings-growth ratio of 3.77 and a beta of 1.56. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group has a 1-year low of $197.18 and a 1-year high of $344.66.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $243.44 million. During the same period in the prior year, the firm posted $1.11 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. equities analysts forecast that CoStar Group will post 3.95 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. GW&K Investment Management LLC boosted its position in CoStar Group by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 103,598 shares of the technology company’s stock valued at $30,763,000 after buying an additional 277 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in CoStar Group in the 4th quarter valued at about $4,528,000. Oakbrook Investments LLC boosted its position in CoStar Group by 24.4% in the 4th quarter. Oakbrook Investments LLC now owns 1,298 shares of the technology company’s stock valued at $385,000 after buying an additional 255 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in CoStar Group by 14.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 120,892 shares of the technology company’s stock valued at $35,899,000 after buying an additional 15,265 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in CoStar Group by 6.8% in the 4th quarter. Gulf International Bank UK Ltd now owns 10,949 shares of the technology company’s stock valued at $3,251,000 after buying an additional 700 shares during the last quarter. 98.87% of the stock is owned by institutional investors.
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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