CoStar Group’s (CSGP) “Overweight” Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of CoStar Group (NASDAQ:CSGP) in a research report released on Thursday,Benzinga reports. They currently have a $103.00 price objective on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. Royal Bank of Canada cut CoStar Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $96.00 to $83.00 in a research report on Wednesday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Citigroup lowered their price target on shares of CoStar Group from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, BMO Capital Markets cut their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $93.08.

CoStar Group Stock Up 2.0 %

CSGP stock opened at $72.25 on Thursday. CoStar Group has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The business has a 50-day moving average of $75.28 and a 200-day moving average of $75.48. The stock has a market capitalization of $29.62 billion, a P/E ratio of 164.21 and a beta of 0.85.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company had revenue of $692.60 million for the quarter, compared to analyst estimates of $695.91 million. During the same period in the previous year, the business earned $0.25 EPS. CoStar Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that CoStar Group will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance acquired 14,731 shares of CoStar Group stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. The trade was a 1.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

Institutional Trading of CoStar Group

Several institutional investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $73,000. Oregon Public Employees Retirement Fund lifted its position in shares of CoStar Group by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 35,075 shares of the technology company’s stock worth $2,600,000 after acquiring an additional 210 shares in the last quarter. Mattern Capital Management LLC boosted its stake in CoStar Group by 39.8% in the 2nd quarter. Mattern Capital Management LLC now owns 6,149 shares of the technology company’s stock worth $456,000 after purchasing an additional 1,751 shares during the period. TD Asset Management Inc grew its stake in CoStar Group by 2.8% during the second quarter. TD Asset Management Inc now owns 468,128 shares of the technology company’s stock valued at $34,707,000 after acquiring an additional 12,635 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of CoStar Group by 58.1% in the second quarter. Private Advisor Group LLC now owns 10,048 shares of the technology company’s stock worth $745,000 after purchasing an additional 3,691 shares during the period. Institutional investors own 96.60% of the company’s stock.

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.