CoStar Group (CSGP) Earns News Sentiment Score of 0.19
News articles about CoStar Group (NASDAQ:CSGP) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CoStar Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.0538138358585 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
CoStar Group (NASDAQ:CSGP) traded up $0.83 during trading hours on Wednesday, hitting $308.80. The stock had a trading volume of 163,779 shares, compared to its average volume of 196,738. The firm has a market capitalization of $11,083.29, a price-to-earnings ratio of 76.85, a P/E/G ratio of 4.60 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group has a 1-year low of $179.21 and a 1-year high of $311.08.
CoStar Group (NASDAQ:CSGP) last released its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.28. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. analysts expect that CoStar Group will post 3.98 earnings per share for the current fiscal year.
Several research firms have commented on CSGP. B. Riley reaffirmed a “buy” rating and set a $335.00 price target on shares of CoStar Group in a research report on Wednesday, August 2nd. Needham & Company LLC lifted their price target on CoStar Group from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Citigroup Inc. set a $320.00 price target on CoStar Group and gave the stock a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. CoStar Group presently has a consensus rating of “Buy” and an average target price of $332.75.
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CoStar Group Company Profile
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.
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