Shares of CoStar Group Inc. (NASDAQ:CSGP) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $237.75.
CSGP has been the topic of a number of recent research reports. TheStreet upgraded CoStar Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. B. Riley restated a “buy” rating and issued a $235.00 target price on shares of CoStar Group in a report on Tuesday, July 26th. JMP Securities raised their target price on CoStar Group from $215.00 to $230.00 and gave the company a “market outperform” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on CoStar Group from $229.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, July 29th.
In related news, Director Michael J. Glosserman sold 5,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $206.33, for a total transaction of $1,031,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.98% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA acquired a new stake in shares of CoStar Group during the third quarter worth approximately $103,000. Public Employees Retirement System of Ohio increased its stake in CoStar Group by 18.5% in the second quarter. Public Employees Retirement System of Ohio now owns 42,366 shares of the company’s stock worth $9,264,000 after buying an additional 6,602 shares in the last quarter. Calvert Investment Management Inc. increased its stake in CoStar Group by 1.8% in the second quarter. Calvert Investment Management Inc. now owns 1,660 shares of the company’s stock worth $363,000 after buying an additional 30 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in CoStar Group by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 76,145 shares of the company’s stock worth $16,650,000 after buying an additional 4,319 shares in the last quarter. Finally, Amalgamated Bank increased its stake in CoStar Group by 33.0% in the second quarter. Amalgamated Bank now owns 5,101 shares of the company’s stock worth $1,061,000 after buying an additional 1,267 shares in the last quarter.
Shares of CoStar Group (NASDAQ:CSGP) opened at 208.95 on Friday. The company has a market capitalization of $6.81 billion, a P/E ratio of 134.63 and a beta of 1.29. CoStar Group has a 1-year low of $146.53 and a 1-year high of $224.79. The company has a 50-day moving average price of $212.28 and a 200 day moving average price of $205.17.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. CoStar Group had a return on equity of 5.74% and a net margin of 6.33%. The company had revenue of $207 million for the quarter, compared to analyst estimates of $205.66 million. During the same quarter last year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts anticipate that CoStar Group will post $4.11 EPS for the current year.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
Receive News & Ratings for CoStar Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.