ValuEngine upgraded shares of CoStar Group (NASDAQ:CSGP) from a sell rating to a hold rating in a research report released on Friday, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Co restated a buy rating on shares of CoStar Group in a research report on Tuesday, October 1st. B. Riley lifted their target price on shares of CoStar Group from $610.00 to $640.00 and gave the stock a buy rating in a report on Monday, October 21st. JMP Securities lifted their target price on shares of CoStar Group from $525.00 to $630.00 and gave the stock a market outperform rating in a report on Wednesday, July 24th. Needham & Company LLC lowered their target price on shares of CoStar Group to $600.00 in a report on Wednesday, October 23rd. Finally, BidaskClub raised shares of CoStar Group from a sell rating to a hold rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. CoStar Group has an average rating of Buy and a consensus target price of $631.30.

CSGP stock traded up $13.78 during trading on Friday, hitting $597.01. The company had a trading volume of 483,700 shares, compared to its average volume of 248,608. The firm has a 50-day moving average price of $575.51 and a 200-day moving average price of $570.51. CoStar Group has a 12 month low of $315.85 and a 12 month high of $639.41. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 80.68, a PEG ratio of 4.27 and a beta of 1.34.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.09. CoStar Group had a net margin of 23.17% and a return on equity of 10.55%. The firm had revenue of $352.81 million during the quarter, compared to analysts’ expectations of $353.16 million. During the same quarter in the previous year, the company posted $2.16 EPS. CoStar Group’s revenue was up 15.5% on a year-over-year basis. Equities research analysts predict that CoStar Group will post 8.89 earnings per share for the current fiscal year.

In other CoStar Group news, Director Christopher J. Nassetta sold 406 shares of CoStar Group stock in a transaction on Friday, October 25th. The shares were sold at an average price of $570.99, for a total transaction of $231,821.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.14% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. World Asset Management Inc grew its holdings in shares of CoStar Group by 1.6% in the 3rd quarter. World Asset Management Inc now owns 1,207 shares of the technology company’s stock valued at $716,000 after buying an additional 19 shares during the period. Parallel Advisors LLC grew its holdings in shares of CoStar Group by 2.9% in the 3rd quarter. Parallel Advisors LLC now owns 706 shares of the technology company’s stock valued at $419,000 after buying an additional 20 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of CoStar Group by 77.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 55 shares of the technology company’s stock valued at $29,000 after buying an additional 24 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of CoStar Group by 1.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,228 shares of the technology company’s stock valued at $1,234,000 after buying an additional 34 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of CoStar Group by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,035 shares of the technology company’s stock valued at $2,790,000 after buying an additional 35 shares during the period. 94.88% of the stock is owned by institutional investors.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

Further Reading: How to find the components of the quick ratio

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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