CoStar Group Inc (NASDAQ:CSGP) – Equities research analysts at SunTrust Banks lowered their FY2017 earnings per share estimates for CoStar Group in a research note issued to investors on Monday. SunTrust Banks analyst A. Jeffrey now anticipates that the technology company will earn $3.84 per share for the year, down from their prior forecast of $4.02. SunTrust Banks currently has a “Buy” rating and a $410.00 target price on the stock. SunTrust Banks also issued estimates for CoStar Group’s Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.76 EPS, FY2018 earnings at $5.74 EPS and FY2019 earnings at $7.11 EPS.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Thursday. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Citigroup reissued a “buy” rating and issued a $425.00 price target (up previously from $320.00) on shares of CoStar Group in a report on Tuesday, January 23rd. Wells Fargo & Co set a $400.00 price target on shares of CoStar Group and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Needham & Company LLC boosted their price objective on shares of CoStar Group to $350.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. CoStar Group currently has a consensus rating of “Buy” and an average price target of $365.00.

CoStar Group (NASDAQ CSGP) opened at $329.06 on Wednesday. CoStar Group has a fifty-two week low of $197.18 and a fifty-two week high of $355.80. The stock has a market cap of $12,115.61, a price-to-earnings ratio of 99.41, a PEG ratio of 3.65 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in CoStar Group by 3.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock valued at $723,782,000 after acquiring an additional 81,157 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CoStar Group by 1,019.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after acquiring an additional 637,278 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in CoStar Group by 6.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock valued at $184,652,000 after acquiring an additional 40,492 shares in the last quarter. Bares Capital Management Inc. lifted its position in CoStar Group by 8.4% in the 3rd quarter. Bares Capital Management Inc. now owns 600,005 shares of the technology company’s stock valued at $160,951,000 after acquiring an additional 46,294 shares in the last quarter. Finally, State Street Corp lifted its position in CoStar Group by 0.9% in the 2nd quarter. State Street Corp now owns 575,987 shares of the technology company’s stock valued at $151,839,000 after acquiring an additional 5,207 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors and hedge funds.

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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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