CoStar Group (NASDAQ:CSGP) PT Raised to $88.00

CoStar Group (NASDAQ:CSGP) had its target price raised by investment analysts at BMO Capital Markets from $84.00 to $88.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price indicates a potential downside of 5.02% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Needham & Company LLC upped their price objective on CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group upped their price objective on CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Citigroup upped their target price on CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Bank of America upped their target price on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Wednesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.46.

CoStar Group Price Performance

CoStar Group stock opened at $92.65 on Thursday. CoStar Group has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 12.01. The business has a 50 day simple moving average of $89.77 and a 200-day simple moving average of $84.76. The stock has a market capitalization of $37.83 billion, a PE ratio of 126.92, a price-to-earnings-growth ratio of 10.59 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. CoStar Group’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts predict that CoStar Group will post 0.43 earnings per share for the current year.

Institutional Trading of CoStar Group

A number of large investors have recently made changes to their positions in the stock. Foster Victor Wealth Advisors LLC boosted its stake in shares of CoStar Group by 6.7% during the first quarter. Foster Victor Wealth Advisors LLC now owns 100,442 shares of the technology company’s stock valued at $9,320,000 after acquiring an additional 6,272 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in CoStar Group by 7,202.9% during the first quarter. Prestige Wealth Management Group LLC now owns 4,966 shares of the technology company’s stock worth $480,000 after buying an additional 4,898 shares during the period. SlateStone Wealth LLC lifted its position in CoStar Group by 8.5% during the first quarter. SlateStone Wealth LLC now owns 13,208 shares of the technology company’s stock worth $1,276,000 after buying an additional 1,034 shares during the period. SYSTM Wealth Solutions LLC lifted its position in CoStar Group by 10.1% during the first quarter. SYSTM Wealth Solutions LLC now owns 32,381 shares of the technology company’s stock worth $3,128,000 after buying an additional 2,974 shares during the period. Finally, Lindbrook Capital LLC lifted its position in CoStar Group by 9.2% during the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock worth $129,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Company Profile

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.