CoStar Group Inc (NASDAQ:CSGP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $317.56 and last traded at $314.44, with a volume of 90700 shares. The stock had previously closed at $314.66.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Thursday. B. Riley restated a “buy” rating and set a $335.00 price objective on shares of CoStar Group in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Bank of America restated a “buy” rating and set a $306.00 price objective on shares of CoStar Group in a research note on Thursday, October 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $325.00 price objective on shares of CoStar Group in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $334.67.

The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market capitalization of $11,470.00, a price-to-earnings ratio of 95.86, a PEG ratio of 3.44 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last issued 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 company had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. CoStar Group’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. research analysts expect that CoStar Group Inc will post 3.99 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of CoStar Group by 5.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,188 shares of the technology company’s stock valued at $12,390,000 after purchasing an additional 2,401 shares during the period. GSA Capital Partners LLP bought a new stake in shares of CoStar Group in the 3rd quarter valued at about $274,000. Bares Capital Management Inc. raised its holdings in shares of CoStar Group by 8.4% in the 3rd quarter. Bares Capital Management Inc. now owns 600,005 shares of the technology company’s stock valued at $160,951,000 after purchasing an additional 46,294 shares during the period. California Public Employees Retirement System raised its holdings in shares of CoStar Group by 14.0% in the 3rd quarter. California Public Employees Retirement System now owns 72,057 shares of the technology company’s stock valued at $19,329,000 after purchasing an additional 8,857 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of CoStar Group by 677.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,550 shares of the technology company’s stock valued at $1,489,000 after purchasing an additional 4,836 shares during the period. 98.87% of the stock is currently owned by institutional investors.

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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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