CoStar Group (NASDAQ:CSGP) had its price target increased by SunTrust Banks from $695.00 to $850.00 in a research note issued to investors on Wednesday, The Fly reports. They currently have a buy rating on the technology company’s stock.
A number of other equities analysts also recently commented on the company. Bank of America began coverage on CoStar Group in a research note on Wednesday, July 8th. They issued a buy rating and a $850.00 target price for the company. Robert W. Baird began coverage on CoStar Group in a report on Wednesday, June 17th. They set an outperform rating and a $755.00 price target on the stock. BidaskClub cut CoStar Group from a strong-buy rating to a buy rating in a report on Tuesday, July 14th. Zacks Investment Research raised CoStar Group from a sell rating to a hold rating in a report on Wednesday, July 1st. Finally, B. Riley reaffirmed a buy rating and set a $730.00 price target on shares of CoStar Group in a report on Wednesday, May 20th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. CoStar Group currently has a consensus rating of Buy and an average target price of $791.08.
Shares of CSGP stock opened at $849.76 on Wednesday. The company has a quick ratio of 8.75, a current ratio of 14.01 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $708.87 and a two-hundred day moving average of $661.58. CoStar Group has a 52 week low of $500.24 and a 52 week high of $939.00. The company has a market cap of $32.78 billion, a P/E ratio of 104.65 and a beta of 1.10.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, July 28th. The technology company reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.34. CoStar Group had a return on equity of 8.81% and a net margin of 19.76%. The company had revenue of $392.00 million during the quarter, compared to the consensus estimate of $390.18 million. During the same period in the previous year, the firm posted $2.23 earnings per share. CoStar Group’s quarterly revenue was up 14.0% compared to the same quarter last year. Analysts expect that CoStar Group will post 8.26 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of CSGP. Flagship Harbor Advisors LLC grew its holdings in shares of CoStar Group by 164.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 37 shares of the technology company’s stock valued at $26,000 after acquiring an additional 23 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in CoStar Group in the second quarter worth $39,000. Balentine LLC bought a new stake in CoStar Group in the first quarter worth $42,000. Rockefeller Capital Management L.P. boosted its holdings in CoStar Group by 100.0% in the first quarter. Rockefeller Capital Management L.P. now owns 74 shares of the technology company’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, Citizens Financial Group Inc RI boosted its holdings in CoStar Group by 405.6% in the first quarter. Citizens Financial Group Inc RI now owns 91 shares of the technology company’s stock worth $53,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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