CoStar Group (NASDAQ:CSGP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on the company. ValuEngine raised CoStar Group from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $451.44.

Shares of NASDAQ CSGP opened at $397.22 on Tuesday. The firm has a market capitalization of $14.70 billion, a P/E ratio of 102.64, a P/E/G ratio of 2.75 and a beta of 1.48. CoStar Group has a 52-week low of $315.85 and a 52-week high of $448.35.

In other news, Director John W. Hill sold 1,042 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $330.88, for a total value of $344,776.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.47% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in CoStar Group by 49.9% during the second quarter. Bank of New York Mellon Corp now owns 442,556 shares of the technology company’s stock valued at $182,611,000 after purchasing an additional 147,283 shares during the last quarter. FMR LLC boosted its position in CoStar Group by 47.3% during the second quarter. FMR LLC now owns 292,395 shares of the technology company’s stock valued at $120,651,000 after purchasing an additional 93,891 shares during the last quarter. State of Alaska Department of Revenue boosted its position in CoStar Group by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 7,362 shares of the technology company’s stock valued at $3,097,000 after purchasing an additional 222 shares during the last quarter. Bank of Montreal Can boosted its position in CoStar Group by 18.7% during the third quarter. Bank of Montreal Can now owns 22,066 shares of the technology company’s stock valued at $9,285,000 after purchasing an additional 3,479 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in CoStar Group during the third quarter valued at $274,000. 96.01% of the stock is owned by institutional investors and hedge funds.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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