Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) Price Target at $96.00

Shares of CoStar Group, Inc. (NASDAQ:CSGPGet Free Report) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $98.30.

Several equities analysts have commented on CSGP shares. Bank of America lifted their target price on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group increased their price target on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research began coverage on CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating for the company. JMP Securities raised their price target on CoStar Group from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday. Finally, BMO Capital Markets decreased their price target on CoStar Group from $84.00 to $79.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd.

Read Our Latest Stock Analysis on CoStar Group

CoStar Group Price Performance

Shares of CSGP stock opened at $97.73 on Tuesday. The firm has a market cap of $39.91 billion, a price-to-earnings ratio of 106.23, a PEG ratio of 10.88 and a beta of 0.83. CoStar Group has a 12 month low of $65.12 and a 12 month high of $100.38. The stock has a 50-day moving average price of $85.17 and a 200 day moving average price of $82.50. The company has a quick ratio of 12.01, a current ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGPGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $640.00 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts expect that CoStar Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On CoStar Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of CoStar Group during the fourth quarter valued at $406,934,000. Mackenzie Financial Corp lifted its holdings in CoStar Group by 343.8% in the first quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock valued at $194,074,000 after buying an additional 2,257,140 shares during the period. Capital International Investors acquired a new position in CoStar Group in the first quarter valued at approximately $101,893,000. Renaissance Technologies LLC acquired a new stake in CoStar Group in the first quarter worth $94,633,000. Finally, Wellington Management Group LLP raised its holdings in CoStar Group by 51.3% in the first quarter. Wellington Management Group LLP now owns 3,477,341 shares of the technology company’s stock worth $231,626,000 after purchasing an additional 1,178,764 shares during the period. Institutional investors and hedge funds own 96.53% of the company’s stock.

About CoStar Group

(Get Free Report

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.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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