CoStar Group (NASDAQ:CSGP) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to an “underweight” rating in a research report issued on Tuesday.

A number of other brokerages have also weighed in on CSGP. Needham & Company LLC raised their price target on shares of CoStar Group from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. B. Riley reissued a “buy” rating and issued a $350.00 price target (up previously from $335.00) on shares of CoStar Group in a report on Thursday, October 26th. Stephens raised their price target on shares of CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, BidaskClub lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $332.75.

CoStar Group (NASDAQ CSGP) opened at $290.50 on Tuesday. CoStar Group has a one year low of $184.86 and a one year high of $314.73. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10,566.77, a P/E ratio of 73.27, a PEG ratio of 4.38 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. CoStar Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. sell-side analysts forecast that CoStar Group will post 3.99 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its position in shares of CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after purchasing an additional 44 shares in the last quarter. Advisor Group Inc. boosted its position in shares of CoStar Group by 3.8% during the second quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after purchasing an additional 54 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of CoStar Group by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after purchasing an additional 66 shares in the last quarter. CLS Investments LLC boosted its position in shares of CoStar Group by 1.9% during the second quarter. CLS Investments LLC now owns 4,174 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 76 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoStar Group by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,271 shares of the technology company’s stock worth $1,389,000 after purchasing an additional 83 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

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About CoStar Group

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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