CoStar Group Inc (NASDAQ:CSGP) – Investment analysts at B. Riley issued their Q4 2019 earnings estimates for shares of CoStar Group in a report released on Friday, Zacks Investment Research reports. B. Riley analyst M. Crawford expects that the technology company will earn $2.69 per share for the quarter.
CSGP has been the subject of several other reports. BidaskClub downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $396.00 price target for the company in a report on Tuesday, February 27th. SunTrust Banks lifted their price target on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a report on Monday, February 5th. Wells Fargo & Co set a $400.00 price target on shares of CoStar Group and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. downgraded shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price target for the company. in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $380.10.
Shares of CoStar Group (NASDAQ:CSGP) traded up $1.66 during mid-day trading on Monday, reaching $364.76. 105,217 shares of the company traded hands, compared to its average volume of 220,661. CoStar Group has a 12-month low of $197.55 and a 12-month high of $368.33. The company has a market cap of $12,972.08, a P/E ratio of 100.98, a P/E/G ratio of 3.43 and a beta of 1.61.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.01. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The business had revenue of $253.99 million for the quarter, compared to analyst estimates of $253.74 million. During the same period in the previous year, the business earned $1.29 EPS. The firm’s revenue was up 16.3% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its stake in shares of CoStar Group by 19.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 3,877 shares of the technology company’s stock worth $1,151,000 after buying an additional 628 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of CoStar Group by 2.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,468 shares of the technology company’s stock worth $4,296,000 after buying an additional 403 shares during the last quarter. Ashford Capital Management Inc. raised its stake in shares of CoStar Group by 3.2% during the fourth quarter. Ashford Capital Management Inc. now owns 35,660 shares of the technology company’s stock worth $10,589,000 after buying an additional 1,109 shares during the last quarter. Altman Advisors Inc. bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $2,083,000. Finally, Gotham Asset Management LLC raised its stake in shares of CoStar Group by 206.7% during the fourth quarter. Gotham Asset Management LLC now owns 17,597 shares of the technology company’s stock worth $5,225,000 after buying an additional 11,859 shares during the last quarter. 98.57% of the stock is owned by institutional investors.
In other CoStar Group news, VP Matthew Linnington sold 7,921 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $348.23, for a total value of $2,758,329.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Francis Carchedi sold 12,100 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $356.09, for a total transaction of $4,308,689.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,271 shares of company stock valued at $7,509,131. Insiders own 3.09% of the company’s stock.
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About CoStar Group
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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