BidaskClub lowered shares of CoStar Group (NASDAQ:CSGP) from a buy rating to a hold rating in a report issued on Saturday, BidAskClub reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded CoStar Group from a hold rating to a buy rating and set a $547.00 price objective for the company in a research report on Tuesday, May 14th. SunTrust Banks increased their target price on CoStar Group to $460.00 and gave the company a positive rating in a research report on Wednesday, February 27th. Bank of America increased their target price on CoStar Group from $460.00 to $550.00 and gave the company a buy rating in a research report on Wednesday, April 24th. B. Riley increased their target price on CoStar Group from $460.00 to $512.00 and gave the company a buy rating in a research report on Wednesday, February 27th. Finally, Wells Fargo & Co increased their target price on CoStar Group from $475.00 to $500.00 and gave the company an outperform rating in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. CoStar Group presently has an average rating of Buy and an average price target of $547.63.

Shares of NASDAQ:CSGP opened at $553.56 on Friday. CoStar Group has a 12-month low of $315.85 and a 12-month high of $562.65. The firm has a market capitalization of $20.48 billion, a P/E ratio of 74.81, a PEG ratio of 3.72 and a beta of 1.34. The firm has a 50 day moving average of $524.50.

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

Several large investors have recently made changes to their positions in CSGP. Vanguard Group Inc boosted its position in CoStar Group by 0.3% in the third quarter. Vanguard Group Inc now owns 3,047,482 shares of the technology company’s stock valued at $1,282,503,000 after buying an additional 9,345 shares in the last quarter. FDx Advisors Inc. boosted its position in CoStar Group by 64.1% in the fourth quarter. FDx Advisors Inc. now owns 4,067 shares of the technology company’s stock valued at $1,372,000 after buying an additional 1,588 shares in the last quarter. Toronto Dominion Bank boosted its position in CoStar Group by 23.9% in the fourth quarter. Toronto Dominion Bank now owns 4,899 shares of the technology company’s stock valued at $1,652,000 after buying an additional 946 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in CoStar Group by 0.9% in the fourth quarter. Westfield Capital Management Co. LP now owns 87,644 shares of the technology company’s stock valued at $29,566,000 after buying an additional 757 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new stake in CoStar Group in the fourth quarter valued at approximately $615,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.

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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