Shares of CoStar Group Inc (NASDAQ:CSGP) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $538.25.

A number of brokerages have issued reports on CSGP. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $547.00 price objective on the stock in a research note on Tuesday, May 14th. Bank of America increased their price objective on shares of CoStar Group from $460.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Needham & Company LLC increased their price objective on shares of CoStar Group from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Citigroup increased their price objective on shares of CoStar Group from $490.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Co increased their price objective on shares of CoStar Group from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th.

Shares of CoStar Group stock opened at $499.62 on Tuesday. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 67.52, a PEG ratio of 3.38 and a beta of 1.34. CoStar Group has a 12-month low of $315.85 and a 12-month high of $532.22.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.11. The firm had revenue of $328.00 million for the quarter, compared to the consensus estimate of $327.45 million. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. Equities analysts predict that CoStar Group will post 9 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Berman Capital Advisors LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $28,000. Executive Wealth Management LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $32,000. Rockefeller Capital Management L.P. bought a new position in shares of CoStar Group in the first quarter worth about $38,000. Icon Wealth Partners LLC bought a new position in shares of CoStar Group in the first quarter worth about $90,000. Finally, ETF Managers Group LLC lifted its holdings in shares of CoStar Group by 17.7% in the fourth quarter. ETF Managers Group LLC now owns 365 shares of the technology company’s stock worth $123,000 after acquiring an additional 55 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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