CoStar Group (CSGP) Upgraded at BidaskClub
BidaskClub upgraded shares of CoStar Group (NASDAQ:CSGP) from a hold rating to a buy rating in a research report released on Thursday.
Other equities analysts also recently issued research reports about the stock. SunTrust Banks reiterated a buy rating and issued a $310.00 target price on shares of CoStar Group in a research note on Wednesday, September 13th. Needham & Company LLC lifted their target price on shares of CoStar Group to $350.00 and gave the stock a buy rating in a research note on Tuesday, December 19th. B. Riley reiterated a buy rating and issued a $350.00 target price (up previously from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Bank of America reiterated a buy rating and issued a $306.00 target price on shares of CoStar Group in a research note on Thursday, October 5th. Finally, Goldman Sachs Group initiated coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They issued a buy rating and a $359.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. CoStar Group has an average rating of Buy and a consensus target price of $334.67.
CoStar Group (NASDAQ CSGP) traded up $4.71 during midday trading on Thursday, reaching $322.02. 239,400 shares of the company were exchanged, compared to its average volume of 175,589. CoStar Group has a 1-year low of $197.18 and a 1-year high of $322.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. The stock has a market capitalization of $11,639.57, a P/E ratio of 97.29, a PEG ratio of 3.55 and a beta of 1.56.
CoStar Group (NASDAQ:CSGP) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. research analysts predict that CoStar Group will post 3.99 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in CoStar Group by 5.5% during the third quarter. Public Employees Retirement System of Ohio now owns 46,188 shares of the technology company’s stock valued at $12,390,000 after acquiring an additional 2,401 shares in the last quarter. GSA Capital Partners LLP purchased a new position in CoStar Group during the third quarter valued at approximately $274,000. Bares Capital Management Inc. grew its stake in CoStar Group by 8.4% during the third quarter. Bares Capital Management Inc. now owns 600,005 shares of the technology company’s stock valued at $160,951,000 after acquiring an additional 46,294 shares in the last quarter. California Public Employees Retirement System grew its stake in CoStar Group by 14.0% during the third quarter. California Public Employees Retirement System now owns 72,057 shares of the technology company’s stock valued at $19,329,000 after acquiring an additional 8,857 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in CoStar Group by 677.3% during the third quarter. Cubist Systematic Strategies LLC now owns 5,550 shares of the technology company’s stock valued at $1,489,000 after acquiring an additional 4,836 shares in the last quarter. 98.87% of the stock is 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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