CoStar Group (NASDAQ:CSGP) Price Target Increased to $84.00 by Analysts at BMO Capital Markets

CoStar Group (NASDAQ:CSGP) had its target price lifted by analysts at BMO Capital Markets from $79.00 to $84.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 0.21% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CSGP. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. BTIG Research initiated coverage on shares of CoStar Group in a research report on Friday, January 19th. They issued a “neutral” rating for the company. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Finally, Bank of America raised their price target on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $100.50.

CoStar Group Stock Performance

NASDAQ CSGP opened at $84.18 on Friday. The firm has a market cap of $34.38 billion, a P/E ratio of 91.50, a P/E/G ratio of 9.82 and a beta of 0.84. CoStar Group has a 52-week low of $67.35 and a 52-week high of $100.38. The business’s 50-day moving average price is $89.08 and its 200 day moving average price is $84.34. The company has a quick ratio of 12.01, a current ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted 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. The company had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. On average, equities research analysts expect that CoStar Group will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares during the last quarter. Quarry LP raised its holdings in CoStar Group by 75.5% in the 1st quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $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 1st quarter worth $35,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of CoStar Group during the second quarter worth $33,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of CoStar Group in the fourth quarter valued at $30,000. 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.