CoStar Group (NASDAQ:CSGP) Price Target Raised to $95.00 at Jefferies Financial Group

CoStar Group (NASDAQ:CSGP) had its target price raised by Jefferies Financial Group from $85.00 to $95.00 in a report released on Friday, Benzinga reports. They currently have a hold rating on the technology company’s stock.

A number of other equities research analysts also recently commented on CSGP. JMP Securities reaffirmed a market outperform rating and issued a $110.00 price objective on shares of CoStar Group in a research report on Friday. Needham & Company LLC lowered their price objective on CoStar Group from $105.00 to $90.00 and set a buy rating for the company in a research report on Wednesday, February 21st. Keefe, Bruyette & Woods lifted their price objective on CoStar Group from $96.00 to $109.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Bank of America boosted their price target on CoStar Group from $97.00 to $111.00 and gave the company a buy rating in a research report on Monday, March 18th. Finally, The Goldman Sachs Group boosted their price target on CoStar Group from $96.00 to $107.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $100.08.

CoStar Group Stock Performance

Shares of CSGP stock opened at $87.53 on Friday. The stock has a fifty day moving average price of $88.97 and a 200 day moving average price of $84.27. The stock has a market cap of $35.75 billion, a PE ratio of 95.14, a P/E/G ratio of 10.38 and a beta of 0.84. CoStar Group has a 1 year low of $67.35 and a 1 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.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results 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 6.08% and a net margin of 15.26%. The company had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that CoStar Group will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of CoStar Group in the first quarter worth about $35,000. CHICAGO TRUST Co NA lifted its stake in shares of CoStar Group by 3.5% in the first quarter. CHICAGO TRUST Co NA now owns 13,810 shares of the technology company’s stock worth $1,334,000 after acquiring an additional 465 shares in the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of CoStar Group by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 33,743 shares of the technology company’s stock worth $3,259,000 after acquiring an additional 271 shares in the last quarter. Meyer Handelman Co. acquired a new position in shares of CoStar Group in the first quarter worth about $266,000. Finally, First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of CoStar Group in the first quarter worth about $1,626,000. 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.