CoStar Group, Inc. (NASDAQ:CSGP) Receives $100.08 Average PT from Brokerages

CoStar Group, Inc. (NASDAQ:CSGP) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $100.50.

CSGP has been the topic of a number of research analyst reports. BTIG Research initiated coverage on CoStar Group in a research report on Friday, January 19th. They issued a “neutral” rating on the stock. Needham & Company LLC reduced their target price on CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Bank of America lifted their target price on CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group lifted their target price on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of CoStar Group in a research note on Friday, April 12th.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $84.26 on Friday. CoStar Group has a one year low of $67.35 and a one year high of $100.38. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 91.59, a PEG ratio of 9.68 and a beta of 0.84. 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 business’s 50 day moving average price is $89.10 and its 200 day moving average price is $84.40.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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 firm 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 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that CoStar Group will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in CoStar Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 34,757,886 shares of the technology company’s stock worth $2,315,223,000 after purchasing an additional 204,955 shares in the last quarter. BlackRock Inc. grew its stake in CoStar Group by 0.9% during the 1st quarter. BlackRock Inc. now owns 31,917,467 shares of the technology company’s stock worth $2,197,518,000 after purchasing an additional 286,782 shares in the last quarter. Principal Financial Group Inc. grew its stake in CoStar Group by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock worth $1,523,061,000 after purchasing an additional 761,383 shares in the last quarter. Bamco Inc. NY grew its stake in CoStar Group by 0.5% during the 3rd quarter. Bamco Inc. NY now owns 19,196,502 shares of the technology company’s stock worth $1,476,019,000 after purchasing an additional 91,399 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in CoStar Group by 5.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock worth $920,146,000 after purchasing an additional 596,595 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

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.