CoStar Group, Inc. (NASDAQ:CSGP) Receives $100.08 Average Price Target from Analysts

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $100.08.

Several equities analysts have recently issued reports on CSGP shares. BTIG Research started coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating on the stock. Needham & Company LLC lowered their price objective on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Jefferies Financial Group lifted their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday. Citigroup lifted their target price on shares of CoStar Group from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th.

Institutional Trading of CoStar Group

A number of institutional investors have recently added to or reduced their stakes in CSGP. Deutsche Bank AG lifted its stake in shares of CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock worth $56,877,000 after buying an additional 200,183 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of CoStar Group by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock worth $275,308,000 after purchasing an additional 662,592 shares during the last quarter. LPL Financial LLC grew its holdings in shares of CoStar Group by 16.8% in the 3rd quarter. LPL Financial LLC now owns 86,580 shares of the technology company’s stock worth $6,657,000 after purchasing an additional 12,422 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in CoStar Group by 6.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,559 shares of the technology company’s stock worth $351,000 after buying an additional 260 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in CoStar Group by 9.0% during the 3rd quarter. Fred Alger Management LLC now owns 439,295 shares of the technology company’s stock worth $33,777,000 after buying an additional 36,091 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Trading Down 3.1 %

Shares of NASDAQ:CSGP opened at $87.53 on Friday. CoStar Group has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a market cap of $35.75 billion, a PE ratio of 95.14, a P/E/G ratio of 10.38 and a beta of 0.84. The company’s 50-day moving average price is $88.97 and its 200 day moving average price is $84.27. 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:CSGP) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period in the previous year, the firm earned $0.35 EPS. CoStar Group’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that CoStar Group will post 0.44 earnings per share for the current year.

About CoStar Group

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.