CoStar Group (NASDAQ:CSGP) Given New $84.00 Price Target at BMO Capital Markets

CoStar Group (NASDAQ:CSGP) had its target price raised by BMO Capital Markets from $79.00 to $84.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their target price on CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Robert W. Baird increased their target price on CoStar Group from $90.00 to $105.00 and gave the stock an outperform rating in a report on Monday, March 18th. Royal Bank of Canada increased their target price on CoStar Group from $95.00 to $109.00 and gave the stock an outperform rating in a report on Monday, March 25th. JMP Securities reaffirmed a market outperform rating and set a $110.00 target price on shares of CoStar Group in a report on Friday, April 12th. Finally, BTIG Research started coverage on CoStar Group in a report on Friday, January 19th. They set a neutral rating on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $100.50.

CoStar Group Trading Up 0.1 %

Shares of CSGP opened at $84.26 on Friday. The company has a market capitalization of $34.41 billion, a P/E ratio of 91.59, a P/E/G ratio of 9.68 and a beta of 0.84. CoStar Group has a one year low of $67.35 and a one year high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The stock has a 50-day moving average price of $89.10 and a 200 day moving average price of $84.40.

CoStar Group (NASDAQ:CSGP) last released its 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 return on equity of 6.08% and a net margin of 15.26%. The company had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same quarter last year, the business posted $0.35 EPS. CoStar Group’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that CoStar Group will post 0.44 EPS for the current fiscal year.

Institutional Trading of CoStar Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares during the last quarter. Quarry LP grew its holdings in shares of CoStar Group by 75.5% in the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Riverview Trust Co purchased a new position in shares of CoStar Group during the first quarter valued at $35,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of CoStar Group during the second quarter valued at $33,000. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of CoStar Group during the fourth quarter valued at $30,000. Institutional investors own 96.60% of the company’s stock.

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.