CoStar Group Inc. (CSGP) Receives $237.75 Average Price Target from Analysts
CoStar Group Inc. (NASDAQ:CSGP) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $237.75.
A number of brokerages recently commented on CSGP. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Monday, August 1st. JMP Securities upped their target price on CoStar Group from $215.00 to $230.00 and gave the company a “market outperform” rating in a research report on Thursday, July 28th. B. Riley reiterated a “buy” rating and issued a $231.00 target price on shares of CoStar Group in a research report on Tuesday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of CoStar Group in a research report on Friday, September 30th. Finally, JPMorgan Chase & Co. upped their target price on CoStar Group from $229.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, July 29th.
In other CoStar Group news, Director Christopher J. Nassetta sold 575 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $187.67, for a total value of $107,910.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Matthew Linnington sold 1,060 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $188.31, for a total value of $199,608.60. The disclosure for this sale can be found here. 2.98% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CSGP. BNP Paribas Arbitrage SA bought a new stake in CoStar Group during the third quarter valued at approximately $103,000. Penserra Capital Management LLC raised its position in shares of CoStar Group by 100.0% in the third quarter. Penserra Capital Management LLC now owns 576 shares of the company’s stock worth $124,000 after buying an additional 288 shares during the period. Quantbot Technologies LP acquired a new position in shares of CoStar Group during the third quarter worth about $156,000. Quadrature Capital Ltd acquired a new position in shares of CoStar Group during the second quarter worth about $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CoStar Group by 14.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 988 shares of the company’s stock worth $214,000 after buying an additional 128 shares during the period.
Shares of CoStar Group (NASDAQ:CSGP) opened at 195.29 on Friday. The company has a market cap of $6.37 billion, a PE ratio of 80.47 and a beta of 1.30. The stock’s 50 day moving average is $202.51 and its 200 day moving average is $207.52. CoStar Group has a 52-week low of $146.53 and a 52-week high of $224.79.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.08. CoStar Group had a net margin of 9.66% and a return on equity of 6.90%. The firm had revenue of $213 million for the quarter, compared to the consensus estimate of $44.83 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts forecast that CoStar Group will post $4.23 EPS for the current year.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
Receive News & Stock Ratings for CoStar Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group Inc. and related stocks with our FREE daily email newsletter.