Stephens Reaffirms Overweight Rating for CoStar Group (NASDAQ:CSGP)

CoStar Group (NASDAQ:CSGPGet Free Report)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They currently have a $103.00 target price on the technology company’s stock. Stephens’ price objective would suggest a potential upside of 34.61% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a report on Tuesday. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $92.33.

View Our Latest Stock Report on CoStar Group

CoStar Group Stock Performance

Shares of NASDAQ CSGP traded up $0.40 during trading on Wednesday, reaching $76.52. 155,952 shares of the stock traded hands, compared to its average volume of 2,313,041. CoStar Group has a 52-week low of $68.26 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The company has a 50-day moving average of $74.76 and a 200-day moving average of $75.41. The stock has a market capitalization of $31.37 billion, a P/E ratio of 173.89 and a beta of 0.85.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CoStar Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Stephens Inc. AR lifted its holdings in CoStar Group by 25.2% in the 4th quarter. Stephens Inc. AR now owns 32,166 shares of the technology company’s stock worth $2,303,000 after buying an additional 6,482 shares during the period. Empowered Funds LLC lifted its holdings in CoStar Group by 13.4% in the 4th quarter. Empowered Funds LLC now owns 7,275 shares of the technology company’s stock worth $521,000 after buying an additional 861 shares during the period. Apollon Wealth Management LLC lifted its holdings in CoStar Group by 256.9% in the 4th quarter. Apollon Wealth Management LLC now owns 13,132 shares of the technology company’s stock worth $940,000 after buying an additional 9,453 shares during the period. Golden State Wealth Management LLC purchased a new stake in CoStar Group in the 4th quarter worth approximately $228,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CoStar Group by 5.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 98,252 shares of the technology company’s stock worth $7,034,000 after buying an additional 4,754 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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