Somewhat Positive News Coverage Somewhat Unlikely to Affect CoStar Group (CSGP) Stock Price
News coverage about CoStar Group (NASDAQ:CSGP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoStar Group earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 47.0600309900381 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Here’s how much cheaper it still is to rent an apartment in Oakland than S.F. (feeds.bizjournals.com)
- Costar Group Inc Up 40.4% Since SmarTrend Uptrend Call (CSGP) (mysmartrend.com)
- CoStar Group, Inc. (CSGP) Expected to Announce Quarterly Sales of $243.97 Million (americanbankingnews.com)
- CoStar Group, Inc. (CSGP) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- $1.15 EPS Expected for CoStar Group, Inc. (CSGP) This Quarter (americanbankingnews.com)
Several equities analysts have recently weighed in on CSGP shares. Citigroup Inc. set a $320.00 price objective on shares of CoStar Group and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 price objective on the stock in a research report on Thursday, June 1st. B. Riley reissued a “buy” rating and issued a $325.00 price objective on shares of CoStar Group in a research report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. increased their price objective on shares of CoStar Group from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 5th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. CoStar Group has a consensus rating of “Buy” and a consensus target price of $313.67.
CoStar Group (NASDAQ CSGP) opened at 283.55 on Friday. The stock has a 50 day moving average of $277.81 and a 200 day moving average of $242.49. CoStar Group has a 12 month low of $179.22 and a 12 month high of $287.85. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 95.18 and a beta of 1.51.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.63 by $0.23. CoStar Group had a return on equity of 7.19% and a net margin of 10.85%. The company had revenue of $237.20 million for the quarter, compared to analysts’ expectations of $234.38 million. During the same period last year, the firm posted $0.91 earnings per share. CoStar Group’s revenue was up 14.6% compared to the same quarter last year. Equities analysts anticipate that CoStar Group will post $4.49 EPS for the current fiscal year.
In related news, Director Michael R. Klein sold 20,000 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $265.01, for a total transaction of $5,300,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew Linnington sold 1,767 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The disclosure for this sale can be found here. Company insiders own 2.98% of the company’s stock.
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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