CoStar Group, Inc. (CSGP) PT Raised to $350.00 at Stephens
CoStar Group, Inc. (NASDAQ:CSGP) had its target price lifted by Stephens from $300.00 to $350.00 in a report issued on Monday morning, Marketbeat reports. They currently have an overweight rating on the technology company’s stock.
A number of other research analysts have also recently issued reports on CSGP. SunTrust Banks, Inc. lifted their price objective on shares of CoStar Group from $275.00 to $310.00 and gave the company a buy rating in a report on Wednesday, July 5th. B. Riley reissued a buy rating and set a $325.00 price target on shares of CoStar Group in a research report on Friday, July 14th. BidaskClub lowered shares of CoStar Group from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Needham & Company LLC raised their price target on shares of CoStar Group from $275.00 to $300.00 and gave the company a buy rating in a research report on Friday, July 28th. Finally, Citigroup Inc. set a $320.00 price target on shares of CoStar Group and gave the company a buy rating in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. CoStar Group currently has an average rating of Buy and an average price target of $329.00.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. The firm had revenue of $248.00 million during 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%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Toronto Dominion Bank lifted its position in shares of CoStar Group by 12.3% during the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in CoStar Group in the second quarter worth about $134,000. LS Investment Advisors LLC raised its position in CoStar Group by 3.5% in the second quarter. LS Investment Advisors LLC now owns 706 shares of the technology company’s stock worth $186,000 after acquiring an additional 24 shares during the period. First Manhattan Co. bought a new stake in CoStar Group in the third quarter worth about $187,000. Finally, Cubist Systematic Strategies LLC bought a new stake in CoStar Group in the second quarter worth about $188,000. 90.93% of the stock is currently owned by institutional investors.
About CoStar Group
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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